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This morning in London: The FTSE 100 is currently up 29 points at 6650.
FX and commodities: GBP/USD is down 43 pips at $1.5162, EUR/USD is down 28 pips at $1.3272 and USD/JPY is up 64 pips at Y98.52. Oil - Brent Crude is up 17 cents at $107.87 and gold is up $6.20 at $1318.
Latest news: Yesterday’s move in the FTSE 100 rather took the markets by surprise. Volumes had been low, and it almost felt like traders were sleeping their way through to Friday’s US non-farm payroll figures. However, the unexpected fall in EU unemployment levels, coupled with a solid start to the US trading day, saw the FTSE break above that 6650 level. The bulls would have liked to see it stay there, but by close of business the FTSE had retraced, still closing out in the blue. With so many big UK firms reporting, it will be interesting to see if we remain as bullish today.
The day ahead: Both the Bank of England and the European Central Bank announce interest rate decisions, but it is unlikely that either will change. A raft of manufacturing PMI figures are due today, for a number of European countries and the US.
All figures as at 8am (London time).