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 up 16 points at 15,755, the NASDAQ finished up 3 points at 4000 and the S&P 500 ended flat at 1775.

This morning in London: The FTSE 100 is currently flat at 6440.

FX and commodities: GBP/USD is up 18 pips at $1.6318, EUR/USD is up 10 pips at $1.3751 and USD/JPY is down 33 pips at ¥102.89. Brent crude is up 41 cents at $108.72 and gold is trading at $1233, down $5.39.

Stocks: Following last week’s profits warning and boardroom change it looks like RSA may have to continue firefighting as rumours that it is available for takeover circle the markets. BT has decided to return to selling mobile phones over a decade after selling off O2. John Lewis has posted profits up 1.4% from last year aided by the continuing success of its Christmas advertising.

The day ahead: This important week is kicked off with manufacturing purchasing managers index (PMI) figures from France, Germany and the EU. The EU will also post its latest trade balance figures and in the afternoon European Central Bank president Mario Draghi will be speaking. In the US Empire State manufacturing figures will be posted, as well as flash manufacturing PMI figures and monthly industrial production.

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

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