Friday 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 73 points at 15,545, the NASDAQ finished down ten points at 3919 and the S&P 500 ended the day down six points at 1756.

This morning in London: The FTSE 100 is currently down one point at 6730.

FX and commodities: GBP/USD is down 53 pips at $1.5990, EUR/USD is down 61 pips at $1.3527 and USD/JPY is down 19 pips at ¥98.19. Brent crude is up 38 cents at $109.19 and gold is trading at $1322, down $1.

Stocks: Third-quarter operating profits were up for Direct Line Insurance Group, which reported a 6.1% increase, but down for Royal Bank of Scotland, which posted a 14% drop.

The day ahead: UK manufacturing is due at 9.30am. In the US, final manufacturing will be released at 1pm. James Bullard of the Federal Reserve is due to speak at 1.10pm, and his statement is followed by ISM manufacturing at 2pm. 

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.