This morning in London: The FTSE 100 is currently down 12 points at 6545.
FX and commodities: GBP/USD is down two pips at $1.6486, EUR/USD is up three pips at $1.3796 and USD/JPY is up 19 pips at ¥102.46. Brent crude is down 27 cents at $106.63 and gold is trading at $1322, down $10.70.
Stocks: Tullow Oil aims to set the benchmark for oil firms by giving the clearest picture of costings when securing new sites. Sainsbury's and Tesco continue to bicker in the courts over the war of words regarding price promises. An extension to Sainsbury’s current case looks likely to drag this on even more. Ofgem’s review of the energy sector is widely expected to shake things up and potentially dismantle the current structure for the big six firms.
The day ahead: Weak HSBC Chinese manufacturing purchasing manufacturing index data has added to the negativity of Friday afternoon’s selloff in the US. We will also see manufacturing data from France, Germany and the EU this morning, followed by the US version in the afternoon.
All figures correct at 8.15am. All times London time.