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 61 points at 16,421, the NASDAQ finished down five points at 4352 and the S&P 500 ended the day up three points at 1877.

This morning in London: The FTSE 100 is currently down 12 points at 6776.

FX and commodities: GBP/USD is down 12 pips at $1.6722, EUR/USD is up eight pips at $1.3869 and USD/JPY is down 17 pips at ¥102.89. Brent crude is up 27 cents at $108.27 and gold is trading at $1349, down $1.50.

Stocks: The lack of stability in Libya has convinced BP that further exploration of its Ghadames Basin rights is best left for the time being. Rio Tinto is considering acquiring the outstanding balance of 49.2% in the Canadian mineral exploration and development company Turquoise Hill Resources, an action that will see its proven resources under management increase. With the silver price once again beginning to rise, Fresnillo, the Mexican-based miner, has jumped to the top of the early risers in the FTSE.

The day ahead: This morning will see the latest German monthly industrial production figures. The afternoon will be dominated by a plethora of US data. In the early afternoon we will see the non-farm employment change, the US trade balance and the US unemployment rate. Later in the afternoon Federal Open Market Committee voting member William Dudley will be speaking.

All figures correct at 8.15am. All times 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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