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This morning in London: The FTSE 100 is currently up four points at 6743.
FX and commodities: GBP/USD is flat at $1.6482, EUR/USD is up eight pips at $1.3678 and USD/JPY is down 77 pips at ¥103.39. Brent crude is down nine cents at $107.14 and gold is trading at $1248, down $1.
Stocks: The M&A market might be off to an early start, as engineering and consultancy firm Amec has launched a cash and share bid for rival firm Foster Wheeler. Royal Mail has a boardroom change, with Sue Whalley taking over as the new COO. Sports Direct has acquired a 4.63% holding in Debenhams and stated a desire to look for cross-company synergies in the operational departments. Greene King has benefited from a 5% jump in like-for-like sales during the festive period, and this has helped increase sales by 3.8% over the year.
The day ahead: This afternoon will see the US post its monthly Federal Reserve budget balance. Otherwise it is very quiet on the economic calendar.
All figures correct at 8.15am. All times London time.