Thursday morning snapshot

A snapshot of the early morning's equity news and key market movements.

Last night in the US: The Dow Jones closed up 147 points at 15,676, the NASDAQ finished up 37 points at 3783 and the S&P 500 ended the day up 20 points at 1725.

This morning in London: The FTSE 100 is currently up 90 points at 6648.

FX and commodities: GBP/USD is down 18 pips at $1.6127, EUR/USD is up 13 pips at $1.3532 and USD/JPY is up 80 pips at ¥98.75. Brent crude is up 37 cents at $110.99 and gold is trading at $1371, up $7.

Stocks: Gulf Keystone Petroleum reported a first-half loss of $26.4 million, which compares with a loss of $31.4 million for the same period last year. ASOS announced a 47% increase in quarterly revenue.

The day ahead: UK retail sales are due at 9.30am, followed by industrial order expectations at 11am. In the US, jobless claims will be released at 1.30pm, followed by existing home sales, the Philladelphia Fed index and Conference Board leading index at 3pm.

All figures correct at 8.30am. All times London time.

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