Tuesday morning snapshot

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

A bus passing the Bank of England
Source: Bloomberg

Last night in the US: The Dow Jones closed down 44 points at 17,024, the NASDAQ finished down 34 points at 4451 and the S&P 500 ended the day down seven points at 1977.

This morning in London: The FTSE 100 is currently down one point at 6823.

FX and commodities: GBP/USD is up six pips at $1.7133, EUR/USD is down seven pips at $1.3597 and USD/JPY is down three pips at ¥101.85. Brent crude is down 30 cents at $110.18 and gold is trading at $1319, down $1.

Stocks: The Air France profits warning looks set to weigh on the FTSE airlines this morning. Marks & Spencer has now seen almost four years of continuously weaker sales figures in its non-food businesses, as the three-year turnaround plan implemented by Marc Bolland has yet to bear any fruit. This afternoon will also see the release of Alcoa’s second-quarter figures, kicking off the latest US reporting season.

The day ahead: Pre-market German trade balance figures have come in much stronger but Frances equivalent has missed its mark. Later in the morning we will see UK manufacturing and industrial production figures. The afternoon will have some low-key data releases while Federal Open Market Committee member Narayana Kocherlakota  will be speaking in Minneapolis.

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

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