The FTSE 100 is expected to fall 15 points (0.25 percent) this morning after rising 23 points (3.5 percent) to end Friday’s session at 5,697. Chipmaker ARM Holdings (LON:ARM) was the top riser among the UK blue chips on Friday, tacking on nearly 4 percent. Engine and turbine manufacturer Rolls-Royce (LON:RR) and engineering firm GKN (LON:GKN) followed, adding a little more than 3 percent. The world’s largest miner BHP Billiton (LON:BLT) advanced 2.5 percent. Part-nationalised banks Lloyds (LON:LLOY) and Royal Bank of Scotland (LON:RBS) were at the bottom of the FTSE 100 pile on Friday with losses of 4 percent and 3 percent respectively. Sector peer Barclays (LON:BARC) slipped 2.5 percent. Asset management firm Schroders (LON:SDRC) and satellite telecommunications firm Inmarsat (LON:ISAT) lost just over 2.5 percent. In the US, the Dow Jones Industrial Average (DJIA) slipped 115 points (0.95 percent) to close at 11,934 on Friday. The broader S&P 500 index dropped 15 points (1.15 percent) to end the session at 1,268.5. DuPont (NYSE:DD) was the top performing DJIA constituent on Friday, climbing 1.2 percent. Kraft Foods (NYSE:KFT) also did well, tacking on 1 percent. Cisco (NYSE:CSCO) moved in the opposite direction, shedding 3.5 percent. Pfizer (NYSE:PFE) followed, dropping 2.8 percent. Intel Corp (NYSE:INTC), General Electric (NYSE:GE) and ExxonMobil (NYSE:XOM) lost a little more than 2 percent. In Asia, Japan’s benchmark Nikkei 225 index fell 91 points (0.95 percent) to trade at 9,586 late in Monday's session, while China’s Shanghai Composite Index rose 7 points (0.25 percent) to trade at 2,753 just before close of play. Commodities US light, sweet crude for August delivery fell to US$90.25/barrel overnight in Asian trading. August Brent crude stood at US$103.54/barrel in early morning in London. Gold extended losses, falling to US$1,500/oz by morning. Silver and platinum pulled back to US$33.88/oz and US$1,674/oz respectively. Base metals moved in the same direction as precious metals. Copper and nickel dropped to US$4.05/lb and US$9.90/lb respectively by morning. Zinc stood at US$1/lb. Today’s macroeconomic data will include updates on US personal spending and personal income.

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