Thursday 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 42 points at 16,633, the NASDAQ finished down ten points at 3712 and the S&P 500 ended the day down two points at 1909.

This morning in London: The FTSE 100 is currently up 15 points at 6866.

FX and commodities: GBP/USD is down five pips at $1.6704, EUR/USD is up two pips at $1.3591 and USD/JPY is down 25 pips at ¥101.58. Brent crude is up 18 cents at $109.98 and gold  is trading at $1253, down $5.

Stocks: Severn Trent reported a 4.3% rise in its full-year profits. Kingfisher posted a 6% increase in its first-quarter like-for-like sales. Tesco has agreed a joint venture with a Chinese company to expand its operations in china. Tate & Lyle revealed a 3% drop in annual revenue.

The day ahead: Today will see the US preliminary gross domestic product and jobless claims figures announced at 1.30pm, followed by US pending home sales at 3pm.

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

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