Wednesday morning snapshot

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

A bus passes the Bank of England
Source: Bloomberg

Last night in the US: The Dow Jones closed up 27 points at 16,808, the NASDAQ finished up 16 points at 4337 and the S&P 500 ended the day up four points at 1941.

This morning in London: The FTSE 100 is currently up 21 points at 6787.

FX and commodities: GBP/USD is up 17 pips at $1.6982, EUR/USD is up seven pips at $1.3554 and USD/JPY is up seven pips at ¥102.25. Brent crude is up 43 cents at $113.82 and gold  is trading at $1269, down $1.

Stocks: The UK property website company Zoopla has started trading, and in the early session it was up by more than 5%. Subsequently Daily Mail & General Trust is also seeing its shares rise. British housebuilder Berkeley has seen its pretax profits jump by 40% at the top of markets expectations.

The day ahead: The UK Monetary Policy Committee minutes from the last meeting will be published today, gaining the majority of the markets focus this morning. In the evening, the US Federal Open Market Committee statement will be released, and the Federal Reserve is expected to cut a further $10 billion from its debt purchasing budget.

All figures correct at 8.25am. All times London time.

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