Market overview: FTSE ends week in the red on China, Greece developments

1500: The University of Michigan's consumer sentiment index edged lower in August, data released on Friday showed. The index fell to reading of 92.9 in August from 93.1 in July, broadly in line with expectations

1415: US industrial production rose more than expected in July, data released on Friday showed.According to figures published by the Federal Reserve, industrial output rose 0.6% last month, driven by a 10.6% surge in autos production.The figure was above the 0.3% increase analysts had expected.

1330: US producer prices rose 0.2% in July from June, when they were up 0.4%, according to data released by the Labor Department. This marked the third straight monthly increase and came in below analysts’ expectations of a 0.1% rise.

1135: With oil subdued, the FTSE 100 is down slightly but the 250 is higher - with stock markets in Europe seeming relatively calm as the panic about China earlier in the week has seeped away. Jasper Lawler of CMC Markets says: "Relative calm in China after a week of central bank-induced panic saw gains in mining stocks help the FTSE 100 narrowly edge into positive territory. Progress in the FTSE has been limited by a drop in BP shares after a US judge found the oil major guilty of historical manipulation of the natural gas market." BP is down just over 1%. The US oil price is down at six and a half-year lows early ahead of Baker Hughes rig count data released later. "More US rigs would raise concerns that US oil output will remain elevated, adding to the global supply glut and could help push US crude prices in the direction of $40 per barrel," Lawler added.

1012: Eurozone gross domestic product climbed 1.2% in the second quarter compared to the same period a year ago. It fell shy of the 1.3% growth predicted by analysts but was an improvement on the previous quarter's 1% growth.

1000: Eurozone inflation was confirmed at 0.2% year-on-year growth, as expected, remaining well below the European Central Bank's target of just below 2%.

0943: Central Europe has maintained strong growth in the second quarter, with the CEE-4 group growing GDP at 3.6% year-on-year, just shy of the 3.7% in the first three months of the year. The Czech Republic's and Poland's growth was the highest, with the Czechs now one of the fastest growing emerging markets outside Asia. Hungary's growth was the lowest, with Romania suffering the worst momentum. Across the central and south east of Europe, GDP was a robust 3.5%, which Capital Economics said served as "a reminder that it’s not all doom and gloom for the emerging world".

0930: UK construction output rose 2.6% year-on-year in June, less than the 3.3% increase analysts were expecting.

0900: London stocks are higher after China’s central bank increased the reference rate for the first time since implementing a new fixing policy. The People’s Bank of China raised the value of the yuan against the dollar by 0.05% after three days in a series of devaluations. The move came as the Bank tried to soothe the market by promising to work towards a stable currency following a surprise devaluation of almost 2% on Tuesday. On a positive note for the market, the Greek parliament has approved a draft third bailout of about €85bn (£61bn) after a marathon all-night session, with the government aided by votes from opposition parties and likely to call a confidence vote due to internal divisions.