This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
This morning in London: The FTSE 100 is currently up 14 points at 6866.
FX and commodities: GBP/USD is up two pips at $1.6869, EUR/USD is up four pips at $1.3761 and USD/JPY is up 21 pips at ¥102.33. Brent crude is down 11 cents at $108.24 and gold is trading at $1291, down $5.
Stocks: Both easyJet and TUI Travel have benefited from the mild winter that Europe has had, with running costs and disruptions down for both of them. The timing of Easter has fallen outside these figures making year-on-year comparisons difficult. Both have stated that summer bookings are looking optimistic. Airbus has seen issues with some of its delivery timings, but the longer term hope that the new A350 can take on the Boeing 787 was boosted by news that it is on track to receive its aviation safety certificate.
The day ahead: All eyes will be on this morning's German ZEW economic sentiment figures. Many will be looking to see how it has been affected by the strong euro, and also Mario Draghi’s inference that he will do something to tackle this in June. Later in the afternoon we will also see the latest US monthly retail sales figures.
All figures correct at 8.15am. All times London time.