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This morning in London: The FTSE 100 is currently up 30 points at 6720.
FX and commodities: GBP/USD is up 13 pips at $1.7121, EUR/USD is up 15 pips at $1.3622 and USD/JPY is up 24 pips at ¥101.49. Brent crude is down down 21 cents at $106.42 and gold is trading at $1319, down $20.50.
Stocks: The haggling over Shire appears to be coming to a conclusion as speculation over a fresh bid has materialised over the weekend. Consensus is that AbbVie could table a £53 price soon. Rolls Royce has confirmed further orders following Airbus helping edge the stock higher by almost 2.5% in early trading. All eyes are on the US with CitiGroup due to post this afternoon as the second week of US reporting season starts.
The day ahead: A very thin day of economic data with European Central Bank president Mario Draghi’s speech tonight, after European markets are closed, the highlight.
All figures correct at 8.15am. All times London time.