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This morning in London: The FTSE 100 is currently down 22 points at 6815.
FX and commodities: GBP/USD is up 33 pips at $1.6648, EUR/USD is up four pips at $1.3742 and USD/JPY is down 19 pips at ¥102.30. Brent crude is up 25 cents at $110.09 and gold is trading at $1327, up $3.50.
Stocks: This morning will see HSBC release its figures after the UK opens, where the markets are expecting to see a healthy increase in the banks’ profits. The insurance company Royal & Sun Alliance is still looking to help its cash balance and is considering a rights issue to boost its coffers. British retailer Mothercare has seen failing chief executive officer Simon Calver step down from the top job following consecutively disappointing figures.
The day ahead: The markets have already heard a number of comments out from this weekend’s G20 conference in Sydney. At mid-morning today we will also see the EU yearly CPI figures but apart from this it will be a very thin economic data day.
All figures correct at 8.15am. All times London time.