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 67 points at 16,351, the NASDAQ finished down 27 points at 4307 and the S&P 500 ended the day down nine points at 1877.

This morning in London: The FTSE 100 is currently up 40 points at 6640.

FX and commodities: GBP/USD is down two pips at $1.6614, EUR/USD is down eight pips at $1.3849 and USD/JPY is down seven pips at ¥103.24. Brent crude is down 70 cents at $107.17 and gold is trading at $1355, up $6.

Stocks: Online food retailer Ocado has reported a 22% increase in its first-quarter sales. The insurance and financial services company Prudential has announced a 17% increase in its full-year operating profit. Security services company G4S reported a 2.8% increase in its full-year operating profit. The Pets at Home IPO price was 245p, and the Poundland IPO price was 300p.

The day ahead: The eurozone industrial production report is expected at 10am.

In the US, the US Treasury secretary Jack Lew will make an announcement at 6pm.

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

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