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 up 86 points at 16,535, the NASDAQ finished up 29 points at 4103 and the S&P 500 ended the day up nine points at 1878.

This morning in London: The FTSE 100 is currently down two points at 6767.

FX and commodities: GBP/USD is down 15 pips at $1.6811, EUR/USD is down seven pips at $1.3804 and USD/JPY is down 12 pips at ¥102.51. Brent crude is down 63 cents at $108.32 and gold is trading at $1290, down $4.75.

Stocks: Tullow Oil has asset stripped with the sale of its majority stake in two of its North Sea projects. British American Tobacco has seen its figures hurt by rebranding costs in association with risk warning notices. Standard Life has benefited from the auto enrolment of UK workers into company pensions. Next has once again posted good first-quarter figures. Antofagasta has seen copper production drop in line with expectations.

The day ahead: The EU yearly consumer price index figures are out mid-morning, along with German unemployment change. Later on, all eyes turn to America for the ADP non-farm employment change figures, the advanced quarterly GDP figures, Oil inventories and the Federal Open Market Committee statement.

All figures correct at 8.35am. 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.