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 135 points at 16,441, the NASDAQ finished down 33 points at 4143 and the S&P 500 ended the day up down 16 points at 1831.

This morning in London: The FTSE 100 is currently down three points at 6714.

FX and commodities: GBP/USD is up eight pips at $1.6462, EUR/USD is down 19 pips at $1.3651 and USD/JPY is down 49 pips at ¥104.27. Brent crude is up 50 cents at $108.26 and gold is trading at $1233, up $9.

Stocks: Next has increased its full-year profit forecast.

The day ahead: UK construction PMI and mortgage approvals are due at 9.30am, followed by Italian CPI at 10am. In the US, Ben Bernanke of the Federal Reserve is speaking at 7.30pm.

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

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