1630: Close The FTSE 100 suffered a drop in both early and late trade, ultimately closing 43.33 points lower at 6,730.11 as investors digested Argentina's default, Russian sanctions and turbulence caused by concerns about US monetary policy. The raft of company news out early on also steered the index, with losses for both Schroders and Weir offsetting the gains seen by the likes of Shell and Intu Properties. Also weighing on sentiment today was data out from the Eurozone that showed the flash estimate for the region's consumer price index had declined to 0.4% annually.
1445: The Chicago NAPM's regional manufacturing sector purchasing managers' index fell back sharply in June, hitting the 52.6 point mark - the lowest since June 2013 - after a reading of 62.6 in the month before (consensus: 63). FTSE 100 down 16 to 6,757.
1438: US stocks have started on the back foot with the Dow registering triple-digit losses early on on fears of an early rate hike by the Fed after a continued improvement in economic data. The Dow is down 123 points, or 0.7%, at 16,757. Meanwhile, the yield on a benchmark 10-year US Treasury has risen 4.5 basis points to 2.598% - it has now closed above this level in over three weeks.
1253: Shares of Royal Dutch Shell have moved above their most recent highs at 2,448p.
1249: Federal Reserve President Charles Plosser's dissent from yesterday evening's FOMC statement "shows hawkish momentum could grow into September". He was "effectively calling for rate hikes to begin sooner after QE ends," RBS's Alberto Gallo says. FTSE 100 down 7 to 6766.
1156: Eurozone unemployment unexpectedly ticked down to a 21-month low, according to Eurostat data for June, with experts still suggesting there is spare capacity in the market. The jobless rate published on Thursday dropped from 11.6% to 11.5%, its lowest level since September 2012. Consensus had forecast no change to May's number.
1019: Shares in Portuguese lender Banco Espirito Santo are plummeting 50% after resuming trading in Lisbon.
0947: The Philippines' central bank has raised its overnight borrowing rate by 25 basis points to 3.75%.
0928: On the FTSE 250, Afren shares
have plummeted over 30% after the company said that it has suspending its chief executive officer and chief operating officer as an investigation found "the receipt of unauthorised payments potentially for the benefit of the CEO and COO".
0910: At today's open market operations the People's Bank of China (PBoC) has lowered the interest paid on 14-day repurchase agreements to 3.7% from 3.8%, sending a signal of policy easing, Barclays Research explains. "We think this sends a signal of policy easing, as the PBoC works to guide market interest rates lower, a mandate it received from China's State Council. The next move to watch is whether the PBoC will lower the rate on the 28d repo, which could be auctioned next Tuesday," the broker said.
0841: UK stocks have begun the morning moving higher following a raft of earnings. Wall street closed on a mixed note last night after the US FOMC indicated that a significant amount of slack remains in the labour market, although risks to disinflation were now diminished. To take note note of as well, speaking to Bloomberg BoE Deputy Governor Ben Broadbent said that the "edge is coming off" the housing market, which may start to affect the wider economy by the end of the year. Overnight Argentina and its creditors failed to reach an agreement which might have allowed the trobuled country to avoid another default on its debt. FTSE 100 up 21 to 6,794.