FX and commodities update: GBP/USD is up 22 pips at $1.5509, EUR/USD is up six pips at $1.3341 and USD/JPY is down 15 pips at ¥96.18. Oil - Brent Crude is up seven cents at $107.51, while gold is up $5.20 at $1291.
This morning in London: The FTSE 100 is up 15 at 6525.
Latest news: Despite an extensive list of companies reporting today, traders and investors will once again be digesting yesterday’s comments from Bank of England governor Mark Carney. The implications to interest rates, borrowing and spending are still being fully absorbed.
Stocks: Aviva’s first-half profit increased 5%, while Standard Life reported a 6% increase in six-month numbers. Bookmaker Ladbrokes have seen a collapse in high-street betting after unveiling a 20% fall in half-year figures.
The day ahead: Germany’s trade balance, released before the market open, was slightly better-than-expected. Overnight, China posted a much lower number than estimated, catching many in the Asian markets by surprise.
At 9am the ECB monthly bulletin is released, followed at 1.30pm by US unemployment claims. All figures as at 8am (London time).