Wednesday morning snapshot

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

Last night in the US: The Dow closed down 93 points at 15,518, the NASDAQ finished down 27 points at 3665 and the S&P 500 closed down nine points at 1697.

This morning in London: The FTSE 100 is currently down 34 points at 6570.

FX and commodities: GBP/USD is down 19 pips at $1.5329, EUR/USD is down seven pips at $1.3298 and USD/JPY is is down 80 pips at Y96.92. Brent Crude is up five cents at $105.38 and gold is trading at $1281, down $2.

Stocks: TUI Travel announced a 5% rise in third-quarter revenue. Randgold Resources reported a 33% drop in quarterly profit. Old Mutual revealed a 10% increase in first-half profit.

The day ahead: In Europe, the Bank of England inflation report is out at 10.30am. German industrial production follows at 11am. In the US, mortgage approvals are released at 12pm. (All times are 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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