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This morning in London: The FTSE 100 is currently down five points at 6716.
FX and commodities: GBP/USD is up 21 pips at $1.6470, EUR/USD is up 22 pips at $1.3598 and USD/JPY is up four pips at ¥104.89. Brent crude is up 35 cents at $107.50 and gold is trading at $1226, up $1.
Stocks: It looks like it’s going to be a tough day for the food retailers, as Tesco and Morrisons are set to disappoint the markets with their figures. The food arm of Marks and Spencer has saved the company from posting a profits warning, since once again clothing sales have slumped.
The day ahead: UK trade balance figures and German industrial production dominate the morning, with US unemployment claims released and an ECB press conference taking place this afternoon.
All figures correct at 8.30am. All times London time.