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 up 11 points at 16,179, the NASDAQ finished down 12 points at 4058 and the S&P 500 ended the day down one point at 1809.

This morning in London: The FTSE 100 is currently down three points at 6582.

FX and commodities: GBP/USD is down 27 pips at $1.6341, EUR/USD is down 27 pips at $1.3633 and USD/JPY is up 21 pips at ¥104.45. Brent crude is down five cents at $110.24 and gold is trading at $1192, up $4.32.

Stocks: BAE Systems has failed to reach an agreement with the UAE over any contracts for the Eurofighter, but is still working on getting a deal with the Saudi government. Rentokil is set to acquire Green Compliance to strengthen its grip on the pest-control sector. Unsurprisingly, Serco has stated it envisages a tough year ahead in 2014. Fourth-quarter issues have seen Avocet Mining announce that 2013 production will miss the mark, and that it may well require further funding for the year ahead.

The day ahead: UK final quarterly GDP is set to be announced at 9.30am along with public sector borrowing. This afternoon will see the US post its final-quarter GDP figures, while the EU releases consumer confidence figures.

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

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