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Markets Overview: (Source: Bloomberg, FT, Reuters, DJ Newswires)

UK 100 called to open +17 as traders wait to see decisions from the Bank of England and the European Central Bank on interest rates. We are expecting rates to be kept unchanged but keep an eye on our calendar (or speak to your trader) for updates at 12:00 and 12:45 respectively.

In the US, the Dow Jones rose 42 points at 14,296 setting yet another all-time record high whilst the Nasdaq was down 2 points at 3,222. Overnight in Asia, the Hang Seng fell 48 points at 22,728 whilst the Nikkei was up 35 points at 11,968. Despite a positive close in the Hang Seng, Asian markets overall were weak due to a stronger US dollar.

Early this morning, French Unemployment data disappointed the market coming in 10.6% vs the 10.2% the markets were expecting, causing UK Index futures to come-off slightly.

In focus today we have quite a bit of macro data including interest rates decisions from the UK and Europe as stated above. Also keep an eye on US data such as consumer outlook index at 12:30 as well as initial jobless claims at 13:30. Lots of UK Index companies reporting this morning (see below). It will be interesting to see how the market reacts to news from Aviva that they will be cutting their dividend.

UK 100 hit new recent highs of 6,460 before finding some resistance and settling around 6,430. One week support at 6,415 with next levels of support at 6,392 and 6,368.  Macro data scheduled today will be the catalyst to drive markets. Keep an eye on our Live Macro Calender for updates throughout the day.

In FX, the US Dollar strengthening against both the GBP and EUR have left Sterling near one-week lows at 1.49 vs USD and 1.153 vs the Euro.

In commodities, US and Brent Crude continued their sideways-downward trend, trading at $90.3 and $110.8 respectively. With the Dollar (and equity markets) strengthening, it’s no surprise Gold is flat, currently trading $1585.

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – all part of the service.

Overnight Macro Data: (Source: Reuters/DJ Newswires)

• AUSSIE             Trade Balance             WORSE
• JAPAN              Rate Decision              In-Line
• AUSSIE             Foreign Reserves        In-Line
• CHINA              Unemployment Rate   In-Line

See Live Macro calendar for all details

UK Company Headlines: (Source: Reuters/DJ Newswires)

• Insurer Aviva cuts dividend to reduce debt
• Standard Life unveils windfall dividend as profits jump
• Schroders reports pre-tax profits of 360 mln stg
• Spirax Sarco full-year sales up; raises div
• DS Smith says profit in line with expectations
• GSK says early dolutegravir trial data encouraging
• Betfair Q3 revenue dips, says year on track
• Weak construction hits Balfour Beatty’s profit
• Fenner says Q2 trading in line with expectations
• Cineworld year profit up 15.3 pct
• LSE and LCH agree terms of revised offer
• IMI full-year profit little changed; to buy back shares
• Hunting profit rises, confident in 2013
• SIG PLC says FY revenue down to 2.61 bln stg
• Cobham profit falls 8 pct, sees return to growth in 2014
• Inmarsat’s profit hurt by LightSquared failure