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 down 54 points at 15,413, the NASDAQ finished down 22 points at 3907 and the S&P 500 ended the day down eight points at 1746.

This morning in London: The FTSE 100 is currently up 23 points at 6697.

FX and commodities: GBP/USD is up six pips at $1.6167, EUR/USD is up one pip at $1.3780 and USD/JPY is up five pips at ¥97.42. Brent crude is up 36 cents at $108.08 and gold is trading at $1335, up $2.05.

Stocks: The largest global advertising company, WPP, has seen an increase in market share as the number two and three companies are still trying to iron out an agreement for a merger. Debenhams has painted a slightly gloomy picture: sales have fallen by 2.7% as expected, and the outlook is cautious as consumer spending power remains weak. Unilever has posted Q3 figures in line with expectations, and has seen sales grow by 3.2%.

The day ahead: German flash manufacturing and service PMI figures are out early in the day, followed by their EU counterparts. Once again Brussels is hosting its latest EU economic summit. In the afternoon we have US trade balance figures, manufacturing PMI and also new home sales figures.

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

Go long or short on a huge range of markets, get full exposure at a fraction of the contract value and pay no stamp duty. Try CFD trading with IG.

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.