The FTSE this morning remained flat around the 5500 mark

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The FTSE this morning remained flat around the 5500 mark. The DAX opened at 6397, down 0.15% and by 9am the Dow Jones Index was at 12695.
Brent is currently above $104 per barrel, as tension in the Middle East continues to cause concerns over supply.
Lloyds Banking Group PLC today posted a first-half net loss of GBP676 million, but the U.K. bank said it was on track to meet 2012 targets as it continues to shrink its business.
Among the biggest losers this morning, Lamprell shares plummeted on the open from 122p to 70p, as the oil rig maker reported that it is expecting a larger loss for the first half, than originally anticipated.
After posting better than expected profits, strong performances were seen from Rolls Royce, up 5% and ITV up 3%
In terms of US economic data- the Core Durable Goods orders and Unemployment Claims is at 1.30, and the Pending Home Sales is at 3pm. The head of the ECB- President Draghi- Is speaking at 10.30 which may also be something to keep an eye on.

See the City Index Economic Calendar and Companies Reporting Dates page for latest economic news and company events that are likely to impact the markets today.

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