Wednesday morning snapshot

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

Last night in the US: The Dow Jones closed down 133 points at 15,168, the NASDAQ finished 21 points weaker at 3794 and the S&P 500 ended the day 12 points lower at 1698.

This morning in London: The FTSE 100 is currently down 12 points at 6537.

FX and commodities: GBP/USD is down eight pips at $1.5988, EUR/USD is down seven pips at $1.3516 and USD/JPY is up 26 pips at ¥98.43. Brent crude is down 14 cents at $109.27 and gold  is up $2.20 at $1285.

Stocks: There is a shortage of FTSE corporate news today but attention was never going to be directed here anyway, with the focus on US politicians.

The day ahead: UK unemployment figures and average earnings will be posted this morning, followed by the EU trade balance. All eyes however will be on US politicians as they continue to drag their feet over budget and debt issues.

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

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.