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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 down 26 points at 16,276, the NASDAQ finished down 50 points at 4226 and the S&P 500 ended the day down nine points at 1857.

This morning in London: The FTSE 100 is currently up 57 points at 6577.

FX and commodities: GBP/USD is down two pips at $1.6496, EUR/USD is down two pips at $1.3835 and USD/JPY is down seven pips at ¥102.14. Brent crude is up one cent at $106.85 and gold is trading at $1314, up $6.

Stocks: British retail company Kingfisher posted a 9.8% increase in its annual profits. Budget carrier easyJet raised its first half guidance. Royal Mail announced it plans to cut 1300 jobs as part of its aim to make savings of £50m a year.

The day ahead: Today we will see the UK consumer price index, retail prices index, house price index (HPI) and the British Bankers’ Association mortgage approvals announced at 9.30am, followed by realised sales at 11am.

In the US, the HPI is expected at 1pm, followed by the Conference Board consumer confidence index, new home sales and the Richmond manufacturing index at 2pm.

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

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