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 up 129 points at 16,956, the NASDAQ finished up 50 points at 4458 and the S&P 500 ended the day up 13 points at 1973.

This morning in London: The FTSE 100 is currently up 11 points at 6814.

FX and commodities: GBP/USD is up two pips at $1.7149, EUR/USD is down five pips at $1.3673 and USD/JPY is down three pips at ¥101.50. Brent crude is up three cents at $112.32 and gold is trading at $1325, down $1.

Stocks: The UK housebuilder Persimmon has posted strong first-half figures with revenue up by 33%. It looks like British Gas could be in store to finance another raft of compensation claims following misrepresentation of potential savings claims. Tullow Oil has announced a sizeable write down of $415 million after broadly unsuccessful drilling operations. Dividend payments from the likes of British Land, Burberry, Royal Mail and Babcock International will take a couple of points out of the market.

The day ahead: Monthly house price index figures from Nationwide showed an increase of 1%. The UK construction PMI is due out this morning along with final GDP figures for the eurozone. This afternoon will see the US Federal Reserve chair Janet Yellen speaking, as well as crude oil inventories and ADP non-farm employment changes.

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

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