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 down 33 points at 6723.
FX and commodities: GBP/USD is up 40 pips at $1.6423, EUR/USD is up 19 pips at $1.3690 and USD/JPY is up 39 pips at ¥103.37. Brent crude is up 35 cents at $92.12 and gold is trading at $1252, down $1.
Stocks: Barratt Developments reported a 20% increase in completions over the past six months. ASOS reported a 37% increase in fourth quarter revenue. Balfour Beatty stated that the order book is flat on the year.
The day ahead: UK CPI, PPI and HPI are due at 9.30am, followed by eurozone industrial production at 10am. In the US, retail sales are due out at 1.30pm, followed by business inventories at 3pm.
All figures correct at 9.00am. All times London time.