This morning in London: The FTSE 100 is currently up 44 points at 6856.
FX and commodities: GBP/USD is up 29 pips at $1.6680, EUR/USD is down 11 pips at $1.3708 and USD/JPY is up 13 pips at ¥102.42. Brent crude is down five cents at $110.26 and gold is trading at $1322, down $0.5
Stocks: Royal Dutch Shell has agreed to sell a part of its Australian business for $2.6 billion to Dutch-owned energy and commodity-trading company, Vitol Group. Rolls-Royce has won a contract with the US Air Force worth $182.7 million, for sustainment services to its C-130J fleet.
The day ahead: UK retail sales and public sector net borrowing figures will be released at 9.30am. In the US, existing home sales figures are expected at 3pm.
All figures correct at 8.30am. All times London time.