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This morning in London: The FTSE 100 is currently down 20 points at 6575.
Stocks: The FTSE 100’s latest reshuffle means Serco Group, Eurasian Natural Resources and John Wood Group have been relegated to the FTSE Mid 250, while Coca-Cola HBC, Sports Direct and Mondi have been promoted. AG Barr has posted solid first-half profit, which is particularly encouraging after the failure of its merger with Britvic.
The day ahead: Traders and investors will predominantly be focused on macro-economic data rather than corporate news today, as the results of Angela Merkel’s impressive win are digested ahead of her party’s decision on who they will form a coalition with. Meanwhile, a raft of manufacturing PMI data will no doubt give traders a fresh angle to debate when tapering will commence.
All figures correct at 8.30am. All times London time.