This morning in London: The FTSE 100 is currently up 35 points at 6745.
FX and commodities: GBP/USD is down five pips at $1.7138, EUR/USD is down 12 pips at $1.3554 and USD/JPY is down two pips at ¥101.65. Brent crude is up 51cents at $107.67 and gold is trading at $1296, up $2.50.
Stocks: Rio Tinto has seen increased export numbers for its Australian mined iron ore heading for China. Evraz has also seen an increase in its steel exports but only fractionally. The London Stock Exchange Group reported its Q1 income increased by 16%. Backed by a strong rental market British Land has increased its dividend payments. Severn Trent is also on course to meet its full-year expectations and looks set to increase its dividend payments by as much as 5.6%.
The day ahead: A plethora of overnight Chinese data has set a positive tone to the start of the European trading. This morning will also see the latest UK unemployment figures and average earnings alongside the eurozone trade balance. This afternoon will see the latest monthly US PPI figures along with industrial production. It is day two of Janet Yellen’s testimony in front of the US House Financial Services Committee. The day will be rounded off with the release of the Federal Reserve Beige book.
All figures correct at 8.30am. All times London time.