This morning in London: The FTSE 100 is currently down 18 points at 6780.
FX and commodities: GBP/USD is down five pips at $1.7038, EUR/USD is down 14 pips at $1.3449 and USD/JPY is down three pips at ¥101.44. Brent crude is down 24 cents at $107.98 and gold is trading at $1297, down $7.50.
Stocks: The UK based airline easyJet is expecting its full-year figures to rise by 14%, while Kingfisher has seen a poor quarter no doubt hampered by all the sporting distractions on offer to the DIY enthusiasts. Unilever has been hit by a slowdown in emerging markets and a lackluster European market, as figures have come in lower than expected. SABMiller has seen its global revenue rise by 6%. BG Group is reported to be interested in selling off some of its North Sea exposure for up to £1 billion.
The day ahead: French manufacturing PMI has come in worse than expected and the German’s slightly better than expected, a template that has become quite common. Later this morning we will also get the eurozone figures along with the UK’s monthly retail sales figures. The afternoon will see the US manufacturing PMI data released as well as unemployment claims.
All figures correct at 8.40am. All times London time.