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 five points at 15,440, the NASDAQ finished down 19 points at 4011 and the S&P 500 ended the day down three points at 1751.

This morning in London: The FTSE 100 is currently up eight points at 6457.

FX and commodities: GBP/USD is down two pips at $1.6310, EUR/USD is down seven pips at $1.3525 and USD/JPY is up two pips at ¥101.46. Brent crude is up 13 cents at $106.35 and gold is trading at $1257, down $1.

Stocks: Vodafone has reported revenues in line with expectations, as has AstraZeneca. However, there does appear to be a disconnect between ending patents and new projects in the pipeline. easyJet has announced a 3.7% rise in passenger numbers for January and year-on-year growth of 3.6%, and so far the fear of a Ryanair challenge has yet to materialise. Compass Group has seen a 4% rise in Q1 figures.

The day ahead: European Central Bank and Bank of England interest-rate decisions will be announced today, although it’s unlikely that the ECB will make a cut. Later in the afternoon we will also see US trade balance figures and unemployment claims.

All figures correct at 8.15am. All times London time.

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