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 25 points at 6699.33.
FX and commodities: GBP/USD is up 16.6 pips at $1.6797, EUR/USD is 7.4 pips higher at $1.3825 and USD/JPY is down 20.8 pips at ¥102.32. Brent crude is up 18 cents at $101.63 and gold is trading at $1285, down $2.15.
Stocks: Markets have opened higher following Facebook and Apple results last night, when the tech giants were able to provide positive earnings for their most recent quarters. AstraZeneca has started 1.4% higher, reaching £41 again after its own figures showed a rise in profits. The bid talk from earlier in the week continues to act as a support, but £41 remains the level to beat.
The day ahead: German IFO is released at 9am, while European Central Bank president Mario Draghi speaks in Amsterdam at 10am. US durable goods and jobless claims are published at 1.30pm, while today we have earnings from Coca Cola, Caterpillar, Amazon, Microsoft and General Motors.
All figures correct at 8.15am. All times London time.