This morning in London: The FTSE 100 is currently down 12 points at 6776.
FX and commodities: GBP/USD is down 12 pips at $1.6722, EUR/USD is up eight pips at $1.3869 and USD/JPY is down 17 pips at ¥102.89. Brent crude is up 27 cents at $108.27 and gold is trading at $1349, down $1.50.
Stocks: The lack of stability in Libya has convinced BP that further exploration of its Ghadames Basin rights is best left for the time being. Rio Tinto is considering acquiring the outstanding balance of 49.2% in the Canadian mineral exploration and development company Turquoise Hill Resources, an action that will see its proven resources under management increase. With the silver price once again beginning to rise, Fresnillo, the Mexican-based miner, has jumped to the top of the early risers in the FTSE.
The day ahead: This morning will see the latest German monthly industrial production figures. The afternoon will be dominated by a plethora of US data. In the early afternoon we will see the non-farm employment change, the US trade balance and the US unemployment rate. Later in the afternoon Federal Open Market Committee voting member William Dudley will be speaking.
All figures correct at 8.15am. All times London time.