The information 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 Bank S.A. 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 and as such is considered to be a marketing communication.
This morning in London: The FTSE 100 is currently up 16 points at 6526.
FX and commodities: GBP/USD is down 45 pips at $1.6393, EUR/USD is down nine pips at $1.3478 and USD/JPY is up six pips at ¥102.08. Brent crude is up ten cents at $106.45 and gold is trading at $1242, down $2.25.
Stocks: Both BAE Systems and Rolls-Royce Group could benefit if, as suggested by the UK’s defence secretary, Britain places an order for the F-35 jet, which has some of its parts built by the UK manufacturers. UK banks might once again struggle this morning, as regulators focus on their sales-based incentives and look to tighten up regulation overseeing these. After a slow but steady start to its partnership with Morrisons, Ocado seems ready to go ahead with the construction of a third distribution centre in the UK.
The day ahead: This morning will see manufacturing figures for Spain, Italy and the UK, followed by US figures in the afternoon. For the majority of this week China will be closed due to new-year celebrations.
All figures correct at 8.15am. All times London time.