This morning in London: The FTSE 100 is currently up 25 points at 6770.
FX and commodities: GBP/USD is down three pips at $1.7102, EUR/USD is down nine pips at $1.3682 and USD/JPY is is up 13 pips at ¥101.45. Brent crude is up 27 cents at $112.65 and gold is trading at $1324, up $2.
Stocks: The food retailer Greggs has seen first-half sales increase by 3% after disappointing figures last year. Ocado has also posted first-half profits of £7.5 million, paving the way for them to finally have a profitable year. After showing little remorse and being particularly unhelpful in US regulators investigations, BNP Paribas has been fined $8.97 billion – 13 times more than the next largest fine issued for money laundering.
The day ahead: A very full day of economic data releases today, starting with Chinese manufacturing PMI overnight coming in as expected, showing continued strength. Spread over the morning we will also hear from Spain, Italy, Germany, eurozone and UK, with the US posting manufacturing PMI data this morning. We will also see the latest eurozone unemployment figures, which is expected at 11.7%.
All figures correct at 8.30am. All times London time.