Established in 1974
185,800 clients worldwide
Over 15,000 markets

Monday 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 115 points at 16,373, the NASDAQ finished up 69 points at 4183 and the S&P 500 ended the day up 19 points at 1838.

This morning in London: The FTSE 100 is currently down 54 points at 6641.

FX and commodities: GBP/USD is down four pips at $1.6570, EUR/USD is up three pips at $1.3705 and USD/JPY is down 20 pips at ¥103.09. Brent crude is down 81 cents at $105.86 and gold is trading at $1301, down $2.45.

Stocks: Barclays asset stripping continues with the sale of its UAE operations to Abu Dhabi Islamic Bank. BG Group has moved its headquarters out of the UK and into Singapore, allowing it to be closer to its expanding Asian clients. GlaxoSmithKline has had further investigations carried out on its practices in Iraq, following the news that China was looking into its sales tactics. Following its acquisition by Vodafone, Spanish phone retailer Ono is looking at restructuring its debt.

The day ahead: Quieter Asian sentiment as China is off for the day. Pre-market, we have already seen slightly better-than-expected German industrial production figures. At 9.30am we will have Sentix investor confidence, and in the evening we will see the latest US monthly consumer credit figures.

All figures correct at 8.20am. 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.