Monday morning snapshot

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

Friday night in the US: The Dow Jones closed down 70 points at 15,258, the NASDAQ finished down six points at 3781 and the S&P 500 ended the day down seven points at 1691.

This morning in London: The FTSE 100 is currently down 43 points at 6469.

FX and commodities: GBP/USD is up 11 pips at $1.6148, EUR/USD is down 34 pips at $1.3487 and USD/JPY is down 36 pips at ¥97.85. Brent crude is down 110 cents at $107.52 and gold is trading at $1340, up $3.93.

Stocks: Trading statements are due from ICAP, Homeserve and Future, but they will find it difficult to get much coverage as markets will be focused on macro issues this morning.

The day ahead: In the UK, the Conservative party might be holding its conference, but politics in Italy and the US are more likely to affect equity markets. Once again it looks like President Obama will be unable to gain an early resolution to the ongoing spending debt debate, while Italy has once again seen its incumbent government struggle to maintain power, and although not an uncommon problem this is happening at an inconvenient time. UK traders will be looking out for M4 money supply figures along with the latest set of mortgage approvals, which are both due to be released at 9.30am.

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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CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.