Friday morning snapshot

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

Last night in the US: The Dow Jones closed unchanged at 16,501, the NASDAQ finished up 33 points at 3591 and the S&P 500 ended the day up three points at 1878.

This morning in London: The FTSE 100 is currently down 12 points at 6691.

FX and commodities: GBP/USD is up three points at $1.6806, EUR/USD is down three points at $1.3803 and USD/JPY is up one point at ¥102.33. Brent crude is down nine cents at $110.28 and gold is trading at $1292, down $1.

Stocks: British advertising and public relations company WPP, reported a 1.58% increase in its first-quarter revenue. Pearson revealed a 2% rise in first-quarter revenue, excluding its sales from the Mergermarket deal and its joint venture with Penguin.

The day ahead: UK retail sales and BBA mortgage approvals will be released at 9.30am, followed by eurozone services purchasing managers index at 2.45pm.

In the US, the University of Michigan consumer sentiment is due at 2.55pm.

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

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