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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 166 points at 16,245, the NASDAQ finished down 47 points at 4079 and the S&P 500 ended the day down 20 points at 1845.

This morning in London: The FTSE 100 is currently down nine points at 6613.

FX and commodities: GBP/USD is up 32 pips at $1.6638, EUR/USD is up 15 pips at $1.3758 and USD/JPY is down 41 pips at ¥102.68. Brent crude is up 56 cents at $106.38 and gold is trading at $1308, up $11.

Stocks: Ferrexpo posted a 9.2% increase in its first-quarter iron ore production compared with a year ago. Aluminium producer Alcoa will release its first-quarter results later today.

The day ahead: UK manufacturing and industrial production data is expected at 9.30am.

In the US, the small business index will be released at 12.30pm. Narayana Kocherlakota and Charles Plosser of the Federal Reserve are due to make announcements at 6.30pm and 7.45pm respectively.

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

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