Thursday morning snapshot

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

Last night in the US: The Dow Jones closed down 25 points at 15,542, the NASDAQ finished flat at 3579 and the S&P 500 ended the day down six points at 1685.

This morning in London: The FTSE 100 is currently down 20 at 6600.

FX and commodities: GBP/USD isup 32 pips at $1.5346, EUR/USD is up 10 pips at $1.3211 and USD/JPY is down 38 pips at Y99.87. Oil - Brent Crude is down 39 cents at $106.82 and gold is flat at $1319.

Latest news: Most FTSE traders will be watching to see the latest GDP figures and assess how well the UK economy is growing. It is anticipated that, although heading in the right direction, growth will still be slow, and further help will be needed in order to gain the markets’ trust.

Stocks: BT has taken the opportunity to update the market with the fact that over 500,000 customers have signed up for its new sports package. AG Barr, after a turbulent year of speculation about mergers with Britvic, has seen full-year sales rise by almost 5%. Johnson Matthey has stated that first-quarter profits are up 8%, but has not changed its targets for the full year.

The day ahead: First out of the blocks today are the EU M3 money supply figures at 9am, followed by the UK preliminary quarterly GDP figures at 9.30am, and then this afternoon the latest US unemployment claims at 1.30pm.

All figures as at 8.30am (London time).

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