1630: Close The mining sector lifted the FTSE to a strong finish today, with the sector driven higher by a decent set of manufacturing figures out from China overnight and a positive start over in the US, which was driven by the release of largely in-line readings on the state of the US manufacturing sector. Chinese manufacturing PMI edged higher from 50.8 in May to 51.0 last month, as expected by analysts. Both Capital Economics and RBS broached the subject today of a possibly more hawkish Fed going forward. As an aside, RBS notes that they have been buying protection against the impact of a more hawkish Fed on the bonds of UK retailers. The top tier index closed up 58.98 points at 6,802.92.
1533: IMF warns capital outflows out of Russia due to heightened geopolitical tensions could reach $100bn this year. By some estimates year-to-date outflows are already running at $70bn.
1500: The ISM's own manufacturing gauge for the month of June printed at 55.3 versus 55.4 in May (consensus: 55.5).
1445: Markit's manufacturing sector purchasing managers' index for the month of June was revised slightly lower to 57.3 from a preliminary print of 57.5 and after last month's reading of 56.4.
1415: The US central bank will raise rates a tad sooner and a tad further than previously expected by Capital Economics. Economists Paul Dale and Paul Ashworth now forecast that the Federal Reserve will carry out its first hike in the fed funds rate come March of next year instead of in mid-2015. Likewise, it now projects that the Fed's main policy rate will end 2015 at 1.25% and 2015 at 3%.
1258: Berenberg sees buying opportunity after recent weakness in Supergroup.
1243: "Across UK sectors, the only sectors seeing upgrades to their 2014 and 2015 earnings per share (EPS) estimates over the last 3 months are oil & gas producers and travel & leisure, unlikely bed-fellows. The weakest sectors remain food retail, personal goods and mining. All three of these sectors have indeed underperformed the market over this period too," Deutsche Bank analysts write today in a report.
1158: Panmure Gordon adds Aviva to its 'conviction buy' list, Shore Capital reiterates 'sell' on Ocado.
1157: Rio Tinto was rising strongly on reports about upside potential at its South of Embley bauxite project in Queensland.
1143: Credit Suisse lowers estimates for earnings per share at Diageo and Pernod.
1014: Commenting on today's UK manufacturing PMI numbers BNP Paribas has this to say: "Overall, its hard not to conclude the UK good-news story in continuing. Manufacturing is growing strongly, and work flows suggest this has legs. This supports our view that UK GDP accelerated in Q2. As this news flow is absorbed further, rate hike expectations for the first hike in Q4 this year should harden."
1013: "There is so far no sign in the data of the slowdown in growth that the BoE were forecasting in the second half of this year. We look for above consensus growth of 3.2% and 3.3% in 2014 and 2015, respectively," Markets.com Chief Economist Bill Hubard says in reaction to today's PMI numbers.
1012: Policymakers at the Bank of England differed over at which level to set the cap on how much banks can lend out relative to a home buyer's earnings.
1000: The Eurozone's unemployment rate ticked lower by a tenth of a percentage point in May to 11.6% (consensus: 11.7%).
0930: Markit's purchasing managers' index (PMI) for the UK's manufacturing sector rose to 57.5 in June, from 57 in May, trumping consensus forecasts for a slip towards 56.6.
0842: UK stocks have begun the session with moderate gains ahead of a raft of indicators due out on the state of the global manufacturing sector. First out today have been the latest "official" Chinese PMI numbers, which were in line with forecasts. To take note of, market commentary is turning rather cautious to say the least, with both the FT's Lex column and the Daily Telegraph's Questor warning readers of a bumpy ride ahead. Precious metal miners are in the cab of the train this morning. Overnight, Ukraine's President decided not to renew a truce in the east of the country, opting instead to resume military operations against separatists, arguing that Russia had done little in the meantime to stop its support of those forces. FTSE 100 up 26 to 6,780.