Wednesday 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 61 points at 17,113, the NASDAQ finished up 31 points at 4456 and the S&P 500 ended the day up nine points at 1983.

This morning in London: The FTSE 100 is currently up 11 points at 6806.

FX and commodities: GBP/USD is up ten pips at $1.7074, EUR/USD is down seven pips at $1.3457 and USD/JPY is down eight pips at ¥101.36. Brent crude is down seven cents at $107.45 and gold is trading at $1306, down $1.

Stocks: The UK miner BHP Billiton has posted better-than-expected figures, up by 4% on the year. Centrica on the other hand has come up empty handed from its latest drilling exploits off the coast of Norway. Sage has seen its revenue increase by 4.7% and expects its full-year figures to hit its 6% growth target. Standard Chartered is facing its worst drop in profits for over a decade and looks likely to shelve any future expansion plans.  

The day ahead: This morning we will see how the Monetary Policy Committee members voted in the last bank rate setting meeting, and Mark Carney will be speaking just after midday. Later on in the afternoon we will see the latest eurozone consumer confidence and US crude oil inventories.

All figures correct at 8.40am. All times London time.

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