Sainsbury’s share price recently fell to a seven-month low as traders are cautious ahead of the company's first quarter trading update.

This year has been a horror show for the Japanese yen. The Japanese yen has been one the worst performers this year against a basket of currencies, losing 18% of its value against the US dollar.

The major declines posted in US stock markets last night have set the tone for European equities today.

Stock markets in Europe are on track to finish higher as bullish sentiment is doing the rounds.