Any suggestion as to where inflationary pressures still lie could offer direction with regard to interest rate policy in the months ahead.

Results from BP will be closely watched this morning and will likely provide some momentum for the sector as a whole.

With this being the first full trading week in London since the start of April, there's a good chance that the merger and acquisition market may pick up once again.

Two years ago, it looked like the alternative-fuels business was going to atrophy. There was no interest, no direction, no incentives, no major breakthroughs. It was stuck in low gear.

There's considerable nervousness about the direction of interest rates. After having such a strong run earlier, markets need some time to catch their breath.

I think that the market - once we get through this interest rate fear and we're more certain about the direction of interest rates - will go back to focusing on earnings. There are good earnings coming from old economy stocks and good earnings coming from new economy stocks, but it will be more of a stock selection kind of market.