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 eight points at 6457.
FX and commodities: GBP/USD is down two pips at $1.6310, EUR/USD is down seven pips at $1.3525 and USD/JPY is up two pips at ¥101.46. Brent crude is up 13 cents at $106.35 and gold is trading at $1257, down $1.
Stocks: Vodafone has reported revenues in line with expectations, as has AstraZeneca. However, there does appear to be a disconnect between ending patents and new projects in the pipeline. easyJet has announced a 3.7% rise in passenger numbers for January and year-on-year growth of 3.6%, and so far the fear of a Ryanair challenge has yet to materialise. Compass Group has seen a 4% rise in Q1 figures.
The day ahead: European Central Bank and Bank of England interest-rate decisions will be announced today, although it’s unlikely that the ECB will make a cut. Later in the afternoon we will also see US trade balance figures and unemployment claims.
All figures correct at 8.15am. All times London time.