Friday morning snapshot

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

London bus passing the Bank of England
Source: Bloomberg

Last night in the US: The Dow Jones closed down 161 points at 16,976, the NASDAQ finished down 62 points at 4363 and the S&P 500 ended the day down 23 points at 1958.

This morning in London: The FTSE 100 is currently down 25 points at 6712.

FX and commodities: GBP/USD is up 2 pips at $1.7101, EUR/USD is up 2 pips at $1.3527 and USD/JPY is up 25 pips at ¥101.45. Brent crude is up 35 cents at $108.32 and gold is trading at $1313, down $5.75.

Stocks: The airline sector is likely to struggle today as the implications of yesterday’s events unwind. The deal between Shire and US AbbVie looks ever closer to completion. UK banks Lloyds and RBS, face further investigation that might lead to recommendations for both banks to be broken up. GlaxoSmithKline looks set for more bad publicity as Chinese authorities unearth more details of the company’s distribution business.

The day ahead: UK eurozone current account figures are out this morning along with German Bupa president Jens Weidmann talking around midday. This afternoon will see preliminary University of Michigan consumer sentiment figures and the monthly Conference Board Leading Index.

All figures correct at 9am. All times London time.

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