Thursday morning snapshot

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

Last night in the US: The Dow Jones closed down 21 points at 15,499, the NASDAQ finished up 10 points at 3626 and the S&P 500 ended the day flat at 1685.

This morning in London: The FTSE 100 is currently up 29 points at 6650.

FX and commodities: GBP/USD is down 43 pips at $1.5162, EUR/USD is down 28 pips at $1.3272 and USD/JPY is up 64 pips at Y98.52. Olie - Brent Crude is up 17 cents at $107.87 and gold is up $6.20 at $1318.

Latest news: Yesterday’s move in the FTSE 100 rather took the markets by surprise. Volumes had been low, and it almost felt like traders were sleeping their way through to Friday’s US non-farm payroll figures. However, the unexpected fall in EU unemployment levels, coupled with a solid start to the US trading day, saw the FTSE break above that 6650 level. The bulls would have liked to see it stay there, but by close of business the FTSE had retraced, still closing out in the blue. With so many big UK firms reporting, it will be interesting to see if we remain as bullish today.

Stocks: A full day of UK corporate news flow is in prospect today, with Aggreko, AstraZeneca, BAE Systems, Lloyds Banking GroupRoyal & Sun Alliance and Smith & Nephew all reporting figures.

The day ahead: Both the Bank of England and the European Central Bank announce interest rate decisions, but it is unlikely that either will change. A raft of manufacturing PMI figures are due today, for a number of European countries and the US.

All figures as at 8am (London time).

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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