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 ten points higher points at 6126.
FX and commodities: GBP/USD is up six pips at $1.5218; EUR/USD is up 15 pips at $1.3024 and USD/JPY is up 37 pips at Y99.49. Olie - Brent Crude is up 18 cents at $102.33 and gold is up $21.50 at $1244.
Stocks: None of the major equities are reporting today.
Latest news: Following a solid trading session in Asia, the FTSE has started the third quarter in the blue and the banking sector for once appears to be leading the way. This is also the first day in office for new Bank of England governor Mark Carney, but it is likely any honeymoon period will be short as the UK has rather been treading water waiting for him to start.
The EU will post unemployment figures which are likely to once again set a new high, and though expected will still make for disappointing reading. This morning Croatia becomes the 28th country to join the EU.
The day ahead: UK manufacturing PMI, M4 money supply and mortgage approvals are all out at 9.30am. At 10am the latest EU unemployment figures are being called to edge a touch up, creating another unwanted, all-time high. Over the course of the morning and afternoon there is a plethora of manufacturing PMI figures from Spain, Italy, the EU and the US. (All times are London time, figures as at 8.30am.)