This morning in London: The FTSE 100 is currently down 11 points at 6724.
FX and commodities: GBP/USD is up five pips at $1.6721, EUR/USD is up nine pips at $1.3716 and USD/JPY is up 60 pips at ¥102.52. Brent crude is down one cent at $109.12 and gold is trading at $1317, down $12.15.
Stocks: Poundland has announced that it will be initiating an IPO and looking to quote on the stock exchange (our grey market is now available). InterContinental Hotels Group continues to see a resurgence in the tourism industry, enabling it to post higher full-year figures. Mining giant BHP Billiton has beaten market expectations by posting first-half profits up 31% from last year. With UK car sales continuing to outshine mainland Europe, Pendragon, the automotive retailer, has reported full-year profits up 14% and expresses its optimism for the year ahead.
The day ahead: UK inflation figures will dominate the morning’s economic data at 10am followed by the latest ZEW economic sentiment data from Germany. In the early afternoon we will see the latest US Empire State manufacturing index figures.
All figures correct at 8.15am. All times London time.