Monday morning snapshot

A snapshot of the early morning's equity news and key market movements.

Friday night in the US: The Dow Jones closed down 11 points at 16,086, the NASDAQ finished up 15 points at 4059 and the S&P 500 ended the day down one point at 1805.

This morning in London: The FTSE 100 is currently down 32 points at 6618.

FX and commodities: GBP/USD is up 49 pips at $1.6418, EUR/USD is up 16 pips at $1.3605 and USD/JPY is up seven pips at ¥102.51. Brent crude is down five cents at $110.05 and gold is trading at $1244, down $9.

Stocks: Online retailers are preparing for a strong day of sales on what has been dubbed ‘Cyber Monday’. Visa expects UK shoppers to spend over £5000 per second today. John Lewis hopes to receive 80,000 orders, and Amazon is expecting over 3.5 million, as festive spending escalates.

The day ahead: The UK trade delegation including David Cameron is off to tour China. Manufacturing PMI figures are due for release across Europe and the US today. Fed chairman Ben Bernanke will be speaking ahead of the start of US trading.

All figures correct at 8.40am. All times London time.

The information 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 Bank S.A. 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 and as such is considered to be a marketing communication.