This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
This morning in London: The FTSE 100 is currently up 36 points at 6610.
FX and commodities: GBP/USD is up one point at $1.5644, EUR/USD is down seven points at $1.3293 and USD/JPY is up 80 points at Y97.70. Brent crude is up 21 cents at $108.03 and gold is trading at $1338, down $1.
Stocks: Michael Page announced an 11% drop in first-half pre-tax profits. Resolution announced a 17% increase in operating earnings per share.
The day ahead: In Europe, UK CPI, PPI and RPI are due out at 9.30am, followed by German ZEW and eurozone industrial production at 10am.
In the US, retail sales and import prices are due out at 1.30pm.
(All times are London time.)