Thursday morning snapshot

A snapshot of the early morning’s equity news and key markets movements.

Last night’s US close: The Dow Jones closed down 216 points at 14,960, the NASDAQ finished down 43 points at 3401 and the S&P 500 ended the day down 22 at 1608.

FX and commodities update: GBP/USD is up 28 pips at $1.5432, EUR/USD is up 26 pips at $1.3118 and USD/JPY is up 21 pips at Y99.26. Brent crude oil is up 19 cents at $103.23 and gold is down $5.60 at $1392.

This morning in London: The FTSE 100 is currently up six points at 6425.

Latest news: An hour into the trading day there is no clear sense of direction from the European indices. Continuing softness from the Asian markets has done little to convince traders that now is the time to buy. The IMF’s inability to assess the problems with Greece correctly may not come as a surprise, but to get things so wrong is disappointing and does little to instil confidence in its abilities going forward. Luckily this news has come at a time when no country is desperately banging on its door.

Stocks: easyJet has seen higher passenger numbers, up 3.4% year-on-year. Barclays shares have taken a hit following the announcement that Nomura has placed 84.5 million shares with the market at 308.5p.

The day ahead: The last of Sir Mervyn King’s MPC rate statements before Mark Carney takes over next month and US unemployment figures are the highlights of today’s economic calendar. All figures as at 9am (London time).

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