Wednesday 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 down 119 points at 16,818, the NASDAQ finished down 18 points at 4350 and the S&P 500 ended the day down 12 points at 1949.

This morning in London: The FTSE 100 is currently down 26 points at 6760.

FX and commodities: GBP/USD is down 30 pips at $1.6954, EUR/USD is up eight pips at $1.3614 and USD/JPY is down seven pips at ¥101.89. Brent crude is down 67 cents at $113.72 and gold  is trading at $1314, down $4.50.

Stocks: Land Securities has acquired a 30% stake in Kents shopping mecca Bluewater for £656 million. Because of unexpected cost cutting returns, Aberdeen Asset Management expects to be able to increase its dividend. While in the middle of a possible takeover battle, Shire has strengthened its hand with news that US regulators have approved its patent for its Vyvanse drug.  

The day ahead: UK monthly CBI retail sales figures are released this morning ahead of this afternoon's US Core dureable goods orders and final GDP figures.

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

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