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 33 points at 6696.
FX and commodities: GBP/USD is up 24 pips at $1.6771, EUR/USD is up 11 pips at $1.3704 and USD/JPY is down four pips at ¥101.75. Brent crude is down 6 cents at $109.05 and gold is trading at $1323, down $4.90.
Stocks: Hammerson has posted solid full-year figures enabling it to increase its annual dividend by 8%. The insurance group RSA is looking to asset-strip with the sale of its Canadian exposure, as it looks to raise £200 million. In an effort to reduce the chances of any further strike action, the Royal Mail and the unions have started negotiations over a company charter.
The day ahead: The latest EU Eurogroup meeting kicks off this morning, and with the US celebrating Presidents’ Day the economic calendar is looking very thin.
All figures correct at 8.15am. All times London time.