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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 up 15 points at 16,737, the NASDAQ finished up 17 points at 4251 and the S&P 500 ended the day up three points at 1927.

This morning in London: The FTSE 100 is currently down 12 points at 6806.

FX and commodities: GBP/USD is up 13 pips at $1.6749, EUR/USD is up 7 pips at $1.3605 and USD/JPY is down 19 pips at ¥102.56. Brent crude is down 30 cents at $108.14 and gold is trading at $1243, down $1.

Stocks: GlaxoSmithKline has paid out $105 million to settle misuse allegations in the US. Barclays Bank CEO Anthony Jenkins has once again stated that bonuses and pay will be targeted as part of the bank's cost cutting efforts. In the latest FTSE reshuffle it looks like William Hill and Melrose Industries will be relegated, while 3i and Intu Properties get promoted to the FTSE 100. Johnson Matthey has posted better-than-expected profits. Homebuilder Bellway has issued a bullish trading update with a full order book. EasyJet has managed to comfortably handle the renewed efforts of Ryanair by seeing passenger numbers jump 7.9% in May .

The day ahead: The eurozone monthly retail sales figures kick off the day, followed by the Bank of England interest rate decision and Monetary Policy Committee statement at mid-day. In the early afternoon we will finally hear from European Central Bank president Mario Draghi, accompanied by the latest unemployment claims.

All figures correct at 8.45am. All times London time.

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