City sources reckon that the FTSE 100 will open up by around 24 points today, as equity markets attempt to rebound following Monday's mass sell-off across the globe.The Footsie finished at 5,534 yesterday, its lowest closing level in nearly a month, after surging bond yields in Spain (on the back of bailout fears) and renewed Greek exit speculation clouded fuelled risk aversion.The HSBC China manufacturing sector purchasing managers´ index for the month of July has edged up to 49.5 after 48.2 in the month before. Back in the UK BBA lending data is due out at 09:30. On tap for today on the other side of the Channel are the Markit Eurozone purchasing managers´ index for both the manufacturing and services sectors for the month of July. Spain´s Treasury will auction up to €3bn in bills this morning, towards 10:00.Ratings agency Moody´s has lowered its outlooks on the sovereign debt ratings of Germany, the Netherlands and Luxembourg. The euro/dollar is roughly stable at the moment, oscillating around the 1.21 level. Stocks to watch todayWhile cigarette and tobacco giant Imperial has noted 'challenging' conditions in some markets, the group has said that trading in the nine months to September 30th has been in line with expectations.Tobacco net revenue was up 3% during the period on the back of ongoing strong price/mix. However, stick equivalent volumes fell 3%.The group noted particular strong performance in its key strategic brands with net revenues up 13% and combined stick equivalent volumes up 6%.Media and advertising giant WPP has bought Germany-based digital agency, KKLD, as it attempts to expand its footprint further in digital media.KKLD, bought by WPP's German marketing services network Commarco for an undisclosed sum, will form part of WPP's digital division which generated $4.8bn in revenues in 2011, around 30% of group sales.Strong demand for its speciality chemicals in America offset weaker trading conditions in Europe for Croda International in the first half of 2012.Profit before tax in the six months to the end of June rose 6.3% to £132.6m from £124.8m the year before, while in the second quarter alone profit before tax rose 5.3% to £67.5m from £64.1m.Analysts at Espirito Santo have cut their price target on shares of Vodafone to 210p, from 230p before.BC