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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 20 points at 16,976, the NASDAQ finished flat at 4457 and the S&P 500 ended the day up one point at 1974.

This morning in London: The FTSE 100 is currently up eight points at 6825.

FX and commodities: GBP/USD is down 12 points at $1.7154, EUR/USD is up one point at $1.3659 and USD/JPY is up 14 points at ¥101.95. Brent crude is down 30 cents at $1110.90 and gold is trading at $1323, down $3.90.

Stocks: The European commission has confirmed that Vodafone’s acquisition of Spanish operator Ono for €7.2 billion can go ahead. US retailer Destination Maternity continues to pursue its interest in Mothercare. RSA insurance looks to be selling off Sun Alliance insurance to Swiss Re. Serco will embark on a fund raising exercise as a collapse in profits has dented cash levels.

The day ahead: A plethora of service figures out from China, and a number of eurozone countries set the tone on a heavy economic data release day. We will also see monthly retail sales figures for the eurozone this morning, before the European Central Bank press conference. The second half of the day will focus on the US non-farm payrolls, trade balance figures, unemployment rate and latterly ISM non-manufacturing PMI. All of this ahead of tomorrow’s US bank holiday and long weekend.

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

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