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This morning in London: The FTSE 100 is currently down 14 points at 6805.
FX and commodities: GBP/USD is down four pips at $1.6868, EUR/USD is down seven pips at $1.3649 and USD/JPY is down six pips at ¥101.68. Brent crude is up seven cents at $110.42 and gold is trading at $1295, up $1.
Stocks: Saga’s IPO opened at 185p, giving the company a market capitalisation of £2.1 billion. Balfour Beatty has won a £78 million US rail contract. The company will build tracks and system components for North Carolina’s Charlotte transit system.
The day ahead: Today will see the release of the German IFO business climate and Italian retail sales at 9am. Later in the day, US new home sales are expected at 3pm.
All figures correct at 8.15am. All times London time.