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- The FTSE is down -0.1%, the French CAC is down -0.6% and the German DAX is down 0.1% from a four-month high
- Miners are putting pressure on the FTSE as Chinese export data grew only 1% year-on-year in July; analysts had been expected a growth of 8.6%. As a result, Kazakhmys, Vedanta Resources and Rio Tinto are all trading lower
- Barclays has appointed a new chairman – Sir David Walker – the selection has pleased investors and the bank is trading up +1.7% today
- Standard Chartered is off 1% as Fitch says it may review the bank’s AA credit rating
- German inflation data came in as expected and there is little economic data of significance due out this afternoon
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