Thursday morning snapshot

A snapshot of the early morning's equity news and key market movements.

A bus passes the Bank of England
Source: Bloomberg

Last night in the US: The Dow Jones closed up 98 points at 16,906, the NASDAQ finished up 25 points at 4362 and the S&P 500 ended the day up 14 points at 1956.

This morning in London: The FTSE 100 is currently up 46 points at 6824.

FX and commodities: GBP/USD is up 17 pips at $1.7010, EUR/USD is up 27 pips at $1.3622 and USD/JPY is down 14 pips at ¥101.76. Brent crude is up 31 cents at $114.54 and gold is trading at $1281, up $3.75.

Stocks: The profits from Rolls-Royce's sale of its energy turbine division, roughly £1 billion, will be used in a share buyback. Regulators are taking a close look at the margins BT use to ensure that competition in the sector is fair. Go-Ahead Group has started trading this morning and are up over 2% in early trading. Mike Ashley has been busy spending in the transfer window, not on new players for Newcastle but obtaining a 4.8% stake in MySale Group.

The day ahead: UK monthly retail sales figures are released this morning. The latest Eurogroup meeting is taking place in Brussels today and later in the afternoon we will see the latest US unemployment claims along with the Philadelphia Federal Reserve manufacturing index.

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

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