Monday morning snapshot

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

Friday night in the US: The Dow Jones closed up 30.8 points at 16,452, the NASDAQ finished down 15.9 points at 4336.22 and the S&P 500 ended the day up one point at 1878.04, a closing high, but below the intraday peak of 1883.5.  

This morning in London: The FTSE 100 is currently down ten points at 6702.

FX and commodities: GBP/USD is down 15 pips at $1.6696, EUR/USD is up nine pips at $1.3664 and USD/JPY is down 16 pips at ¥103.1. Brent crude is up 91.5 cents at $108.06 and gold is trading at $1334, down $5.88.

Stocks: GlaxoSmithKline, the pharma giant, has reported that it has boosted its stake in its Indian subsidiary, to 75% from 50.7%, and the shares are up 0.45% so far, at £16.61. FTSE 250 manufacturing firm Senior has acquired rival firm Upeca Technologies for £75.5 million and the shares are 1.3% higher at 294.4p. In 2014 so far, the best performer has been Randgold Resources, up around 28%, while Aberdeen Asset Management takes the wooden spoon, having lost around 23% since 1 January.

The day ahead: Having had weaker Chinese CPI figures over the weekend (with price growth in February being 2% rather than the forecast 2.1%), we are now awaiting the eurozone sentix investor confidence report for March at 9.30am, then Canadian housing starts at 12.15pm. Economic data is light today, but regional Federal Reserve president Charles Plosser will speak in Paris at 10.15am.

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

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