This morning in London: The FTSE 100 is currently down 18 points at 6543.
FX and commodities: GBP/USD is down seven pips at $1.6724, EUR/USD is down 44 pips at $1.3837 and USD/JPY is up two pips at ¥101.61. Brent crude is up 100 cents at $108.31 and gold is trading at $1328, up $10.25.
Stocks: Glencore Xstrata has sold its holding in its Peruvian copper mine to a Chinese consortium for $6 billion. GlaxoSmithKline’s sales tactics are under scrutiny as an investigation in Poland is now taking place. Desperate to turn around dwindling sales, Punch Taverns has brought in a corporate restructuring team. Aggreko is aiming to increase its supply to the Ivory Coast as it views it as one of the growing economies in Africa.
The day ahead: The European industrial production figures are the sole economic data release this morning. In the afternoon we will see both US monthly core and retail sales figures along with monthly business inventories. Later on in the afternoon Federal Open Market Committee member Daniel Tarullo will be speaking at the US stock exchange.
All figures correct at 8.15am. All times London time.