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 down 30 points at 14,810, the NASDAQ finished 30 points lower at 3589 and the S&P 500 ended the day five points off at 1632.

This morning in London: The FTSE 100 is currently up 84 points at 6496.

FX and commodities: GBP/USD is up 55 pips at $1.5557, EUR/USD is down four pips at $1.3216 and USD/JPY is up 66 pips at ¥98.84. Brent crude is down 103 cents at $112.99 and gold is trading at $1395, down $1.

Latest news: With both the US and Canada closed for Labor Day, we could be set for a slightly quieter morning, though we are likely to see politicians comment on the ongoing uncertainty over Syria.

Stocks: The deal for Verizon Wireless to buy out Vodafone's holding looks a step closer and could be completed this week. Tullow Oil could be in for a rough morning of trading after it latest test well came up dry. 

The day ahead: The latest manufacturing PMI figures for a number of countries, inlcuding the UK, Spain and Italy, plus the EU, are released this morning.

All figures correct at 8.30am. All times London time.

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