Monday morning snapshot

A snapshot of the early morning’s equity news and key markets movements.

Friday's US close: The Dow Jones closed up three points at 15,558, the NASDAQ finished up seven points at 3613 and the S&P 500 ended the day up one point at 1691.

This morning in London: The FTSE 100 is currently up 40 points at 6594.

FX and commoditiesGBP/USD is down nie pips at $1.5373; EUR/USD is down 11 pips at $1.3267 and USD/JPY is down 32 pips at Y97.95. Olie - Brent Crude is down eight cents at $107.10 and gold is up $3.10 at $1324.

Latest news: With European banks reporting figures this week, equity markets could well be given an excuse to have a bit of a wobble, and the end of week non-farm payroll figures will also confirm how happy the US should feel as the reporting season comes to an end. The way last week finished so weakly could leave traders worried over where this week’s enthusiasm will come from.

Stocks: This will be a morning to keep an eye on the mining sector, as we will see updates or figures from BHP Billiton, Rio TintoRandgold Resources and African Minerals. Another sector to watch is the UK & European banking sector, as we will see figures from all the major banks and watch closely to gauge how they are dealing with the tougher capital ratios. Ryanair has also posted figures that compare poorly with its rival easyJet, but which still impress in comparison to the major airlines.

The day ahead: A heavy morning for the UK, with monthly net lending, M4 money supply and mortgage approvals all out at 9.30am. Later in the day we will also see the US pending sales at 3pm.

All figures as at 8.30am (London time).

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