Over 40 years’ heritage
185,800 clients worldwide
Over 15,000 markets

Tuesday 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 126 points at 16,154, the NASDAQ finished up three points at 4244 and the S&P 500 ended the day up eight points at 1838.

This morning in London: The FTSE 100 is currently down 11 points at 6724.

FX and commodities: GBP/USD is up five pips at $1.6721, EUR/USD is up nine pips at $1.3716 and USD/JPY is up 60 pips at ¥102.52. Brent crude is down one cent at $109.12 and gold is trading at $1317, down $12.15.

Stocks: Poundland has announced that it will be initiating an IPO and looking to quote on the stock exchange (our grey market is now available). InterContinental Hotels Group continues to see a resurgence in the tourism industry, enabling it to post higher full-year figures. Mining giant BHP Billiton has beaten market expectations by posting first-half profits up 31% from last year. With UK car sales continuing to outshine mainland Europe, Pendragon, the automotive retailer, has reported full-year profits up 14% and expresses its optimism for the year ahead.

The day ahead: UK inflation figures will dominate the morning’s economic data at 10am followed by the latest ZEW economic sentiment data from Germany. In the early afternoon we will see the latest US Empire State manufacturing index figures.

All figures correct at 8.15am. 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.