Friday morning snapshot

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

Last night in the US: The Dow Jones closed up 169 points at 15,460, the NASDAQ finished 57 points higher at 3578 and the S&P 500 finished 22 points stronger at 1675.

This morning in London: The FTSE 100 is up 18 points at 6561.

FX and commoditiesGBP/USD is down eight pips at $1.5173, EUR/USD is 18 pips weaker at $1.3078 and USD/JPY is up seven pips at ¥99.02. Olie - Brent Crude is nine cents lower at $107.66 and Gold up $1.5 at $1281.

Latest news:Last night’s performance in US markets has shown that traders are less bothered about the ongoing uncertainty over the end of the QE process and more focused on the US equity reporting season.

Large moves in the US dollar, sterling and the euro have been triggered by comments from the US, UK and European central banks, and traders will be watching carefully to see if these have been completely played out or if there is more to come.

Stocks: The first of the mainstream US banks to update this reporting season are JP Morgan and Wells Fargo. The long drawn-out tie-up between AG Barr and Britvic has finally been binned, after the original cost-saving synergies slowly became less attractive. Britvic has managed to aggressively restructure and the fact that AG Barr has changed little does leave it a little vulnerable to a takeover.

The day ahead: Industrial production figures from the EU are released at 10am, with US monthly PPI and the University of Michigan consumer confidence following this afternoon. All figures as at 8.30am (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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