This morning in London: The FTSE 100 is currently down 29 points at 6795.
Stocks: ASOS lost 20% of its stock in a warehouse fire. Shares in AA have fallen on its first day of trading, down 3.4% to 241.5p, after an IPO price of 250p was set. Comments about 'breakdowns' abound, but the result indicates how choosy investors have become regarding IPOs.
The day ahead: Bank of England credit conditions will be released at 9.30am. In the US, flash manufacturing is expected at 2.45pm, followed by existing home sales at 3pm.
All figures correct at 8.15am. All times London time.