This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
This morning in London: The FTSE 100 is currently up 31 points at 6757.
FX and commodities: GBP/USD is down 45 pips at $1.6094, EUR/USD is down 13 pips at $1.3773 and USD/JPY is down 114 pips at ¥97.56. Brent crude is down 38 cents at $109.22 and gold is trading at $1344, down $8.
Stocks: Lloyds reported an 83% increase in third-quarter profits. Standard Chartered reported a ‘low single digit percentage’ decline in third-quarter revenue. BP reported a 5.6% increase in its quarterly dividend.
The day ahead: UK mortgage approvals are due at 9.30am. In the US, retail sales and PPI are due out at 12.30pm, followed by the house price index at 1pm and consumer confidence at 2pm.
All figures correct at 8.30am. All times London time.