Tuesday morning snapshot

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

Last night in the US: The Dow Jones closed up 87 points at 16,448, the NASDAQ finished down one point at 4074 and the S&P 500 ended the day up six points at 1869.

This morning in London: The FTSE 100 is currently up 39 points at 6739.

FX and commodities: GBP/USD is up 23 pips at $1.6831, EUR/USD is up 20 pips at $1.3868 and USD/JPY is up eight pips at ¥102.56. Brent crude is up 39 cents at $108.56 and gold is trading at $1292, down $3.25.

Stocks: Whitbread, feeling the caffeinated benefits of Costa Coffee, has posted better-than-expected full year figures up by 16.5%. The ongoing boom in the UK property market has also helped British Land shift a further two retail parks for a total of £78 million, adding to its £386 million of disposals for the year. Further EU regulations over packaging is likely to cost British American Tobacco between £100 and £200 million as it changes vending machines. BP has increased its dividend payment for the second time in the last six months, following a slightly better-than-expected set of Q1 figures.

The day ahead: A bank holiday in Japan contributed to the lack of activity in the Asian markets overnight, as the European markets prepare to open. The European Central Bank M3 money supply figures are out this morning, following a worsening Spanish unemployment figure. UK preliminary quarterly gross domestic product figures are out at 9.30am this morning, followed by the US CB consumer confidence figures in the afternoon.

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

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