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This morning in London: The FTSE 100 is currently up eight points at 6755.
FX and commodities: GBP/USD is down 15 pips at $1.7067, EUR/USD is down 12 pips at $1.3605 and USD/JPY is up three pips at ¥101.56. Brent crude is down 55 cents at $106.55 and gold is trading at $1308, down $1.
Stocks: The recruitment firm Michael Page has seen profits grow by 8.9%, driven by improvements in the US, UK and Chinese markets. But, like many UK firms with extensive business overseas, it has suffered a negative impact from its currency exposure. Dairy Crest has seen sales increase in most of its major brands, such as Cathedral City, Country Life and FRijj, although Clover has continued to struggle. The US reporting season continues today and the likes of Intel, Yahoo!, JPMorgan, Goldman Sachs and Johnson & Johnson are yet to report.
The day ahead: UK inflation figures dominate the early economic data releases today. Mid-morning we will see the latest German ZEW economic sentiment figures, and the Bank of England’s Mark Carney will also be speaking. This afternoon, the US retail sales figures are due for release and Federal Reserve chair Janet Yellen speaks.
All figures correct at 8.20am. All times London time.