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 66 points at 15,900, the NASDAQ finished down ten points at 3921 and the S&P 500 ended the day down six points at 1781.

This morning in London: The FTSE 100 is currently down 28 points at 6652.

FX and commodities: GBP/USD is down 20 pips at $1.6084, EUR/USD is down 13 pips at $1.3425 and USD/JPY is up 77 pips at ¥100.79. Brent crude is down 33 cents at $107.73 and gold is trading at $1246, up $2.75.

Stocks: SAB Miller continues to see dividends from its growth in the developing world, outweighing the slump in Western sales. Daily Mail has experienced growth in pre-tax profits, despite paper sales continuing to fall. Mothercare is still struggling to take advantage of the baby boom in the UK, but international sales have dragged it into profit.

The day ahead: A poor HSBC Chinese manufacturing report has started the day, and this will be followed by French, German and EU manufacturing and services PMI figures this morning. In the afternoon we will also see the latest US unemployment claims and flash manufacturing PMI.

All figures correct at 8.20am. All times London time.

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