1630: Close Lifted by positive manufacturing data from China, the FTSE 100 was able to end today's session higher, although gains were limited by misses on data elsewhere around the globe. Mining stocks were buoyed by a third straight jump in Chinese manufacturing activity, but investors were surprised by worse than expected German consumer price estimates, US ISM data and UK manufacturing. Supermarkets were firmly lower following cautious words from broker Oriel on Tesco. The top tier index closed 19.59 points higher at 6,864.10.
1501: CNBC says Starwood is not interested in a bid for InterContinental Hotels.
1500: The Institute for Supply Management's (ISM) US manufacturing sector gauge for the month of May fell to a reading of 53.2, from 54.9 in the month before. The consensus estimate had been for a print of 55.5.
1250: Three-month copper futures are 1.1 per cent higher at 6,922.50.
1125: Following the raft of regional German consumer price data out this morning Barclays has lowered its forecast for this afternoon's national German CPI to -0.2 per cent month-on-month from 0.1 per cent.
1042: UK insurance stocks are falling after reports this weekend suggested that the pension industry in the UK could undergo yet more reforms after the annuities shake-up in March. Investors are reacting to speculation about a Dutch-style collective pension scheme, which would reduce risks for pensioners but could be less lucrative for providers. Standard Life is among the worst performers on the FTSE 100.
0950: Supermarket stocks are out of favour with Tesco among the worst performers after gloomy comments from Oriel Securities ahead of the company's Q1 update on Wednesday. The broker said it expects the negative LFL trends in Q4 (-3.5%) to have gotten worse and said that "-4% is on the cards". Meanwhile, inflation has "ceased to be a factor in UK food retailing [... which is] bad news for Big 4 top lines". J Sainsbury and MW Morrison are also trading lower this morning.
0930: Markit's UK manufacturing sector purchasing managers' survey slipped slightly, to 57 points, in May, as expected. Mortgage approvals rose by 62,900 in April, to reach 64,500.
0905: London equities have begun the first session of the week with slight gains following a slight upside surprise in the latest Chinese manufacturing survey data out over the weekend. Nonetheless, another report showed Chinese house prices retreating in May for the first time in almost two years. Miners are doing best early on, alongside shares
in Barratt Developments whose recommendation was upgraded to 'buy' from 'neutral' at Goldman Sachs. The Eurozone's manufacturing PMI for the month of May has come in slightly shy of forecasts this morning as have the latest German CPI figures out of Brandenburg and Hesse. FTSE 100 up 17 to 6,861.