Main currency pairs steady

The main currency pairs are steady this morning with the euro and sterling both little changed against the dollar trading at about $1.1550 and just under $1.36 respectively, in turn leaving the euro-pound exchange rate still hovering in and around 85p

European stocks have started on the front foot this morning, up more than 1% in early trading, while in bond markets, German and US 10-year yields are largely unchanged at -0.19% and 1.51% respectively

Industrial production in Germany fell quite sharply in August, down 4% from July, with the country’s Federal Statistics Office saying that output was “constrained by a shortage of supply of intermediate products”

The private sector in the US added almost 570,000 jobs in September according to the latest ADP report, though we will get the official employment numbers tomorrow

Data due today includes unit labour costs in the UK and jobless claims in the US