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 up 18 points at 16,943, the NASDAQ finished up 14 points at 4336 and the S&P 500 ended the day up one points at 1951.

This morning in London: The FTSE 100 is currently down 24 points at 6850.

FX and commodities: GBP/USD is up five pips at $1.6808, EUR/USD is up three pips at $1.3595 and USD/JPY is down 24 pips at ¥102.27. Brent crude is down three cents at $109.95 and gold is trading at $1254, up $2.50.

Stocks: Tesco has announced that it will be moving into the banking arena following its successful move into the UK credit card market. They now have 12% market share of UK credit cards and are looking to replicate this with a stand-alone banking arm. BP has failed to overturn a US Supreme Court ruling over claimants following the 2010 Gulf of Mexico disaster. Ted Baker has posted solid sales figures in its latest trading update.

The day ahead: Overnight, Chinese inflation figures have edged higher while the UK market awaits both industrial and manufacturing production figures this morning, before turning their attention to the US wholesale inventories figures.

All figures correct at 8.10am. All times London time.

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.