FTSE 100 up 25 Points

<p>The UK 100 opened positive this morning, up 22 points. The UK index is currently up 43 points, while the Dax is up 40 points, […]</p>

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  • The UK 100 opened positive this morning, up 22 points.
  • The UK index is currently up 43 points, while the Dax is up 40 points, CAC is up 27 points and Dow Futures are up 24 points so far.
  • Britain’s FTSE 100 Index was seen opening up 25 points, tracking strong gains overnight on Wall Street and in Asia after signs of progress on a US budget-reduction deal, and following some solid US corporate earnings.
  • GBP/USD is currently at 1.6077, EUR/USD is trading at 1.4185 and USD/JPY is trading at 7894.
  • Gold is currently trading at 1.593, off highs of 1.610 seen yesterday.
  • Crude oil futures for September delivery are at $9875 per barrel, increasing since last night.
  • In economic data, German PPI figures were released at 7am (UK time) this morning, coming in better than expected.
  • At 9.30am (UK time) minutes from the BoE’s last MPC meeting were announced. #
  • Later today, keep an eye out for US existing home sales at 3pm, followed by the Canadian Monetary Policy report at 3.30pm.

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