This morning in London: The FTSE 100 is currently down 14 points at 6809.
FX and commodities: GBP/USD is up eight pips at $1.6671, EUR/USD is down ten pips at $1.3732 and USD/JPY is up two pips at ¥102.23. Brent crude is down 23 cents at $109.07 and gold is trading at $1335, down $1.
Stocks: Antony Jenkins, the group chief executive of Barclays bank, has had to fight a rearguard action as he defends some of the bonuses paid out by the bank. Press speculation has increased around Warren Buffett acquiring a stake in RSA. The financial services company Legal & General has reported pre-tax profits up 10% to £1.134 billion. The motor insurance company Admiral Group has also seen its profits rise as pre-tax figures increased to £370 million.
The day ahead: This morning will see a raft of service Purchasing Managers’ Index (PMI) figures released across Europe for Spain, Italy, EU and UK. Later in the day we will also see US ADP non-farm employment change and ISM non-manufacturing PMI. In the evening the Federal Reserve beige book will be released.
All figures correct at 8.15am. All times London time.