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.
FX and commodities: GBP/USD is down 21 pips at $1.6203, EUR/USD is down 21 pips at $1.3535 and USD/JPY is up 49 pips at ¥101.75. Brent crude is down 224 cents at $108.74 and gold is trading at $1233, down $10.30.
Stocks: Poundland has taken a step further down the road towards floating, and an early 2014 date now looks almost certain. For the second week in a row John Lewis has seen sales figures jump, most recently driven up by cold-weather-wear. Rolls-Royce Group has ensured future work with a contract for the F-35 worth $215 million. There are fresh troubles brewing for the banks, as Royal Bank of Scotland comes under the microscope for its handling of closures when dealing with struggling small firms.
The day ahead: It will be a very thin day for economic data, with BBA mortgage approvals due at 9.30am and US pending home sale figures released at 3pm.
All figures correct at 8.15am. All times London time.