This morning in London: The FTSE 100 is currently down 11 points at 6738.
FX and commodities: GBP/USD is up two pips at $1.7086, EUR/USD is up seven pips at $1.3532 and USD/JPY is down eight pips at ¥101.25. Brent crude is down 31 cents at $107.18 and gold is trading at $1314, up $3.25.
Stocks: Tesco has issued a profits warning along with a change in management. Philip Clarke is stepping down on 1 October and will be replaced by Dave Lewis, currently with Unilever. Babcock has impressed the markets with a better-than-expected order book. Anglo American has announced it will asset strip with the sale of its Rustenberg platinum mine.
The day ahead: The UK Rightmove house price index posted before the markets opened and saw house prices fall by 0.8%. German PPI figures were flat, and later this morning the German Buba monthly report will be announced.
All figures correct at 8.15am. All times London time.