Monday morning snapshot

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

Friday's US close: The Dow Jones closed up three points at 15,464, the NASDAQ finished 21 points stronger at 3600 and the S&P 500 ended five points higher at 1680.

This morning in London: The FTSE 100 is currently up 58 points at 6603.

FX and commoditiesGBP/USD is six pips lower at $1.5100; EUR/USD is down 11 pips at $1.3056 and USD/JPY is up 37 pips at ¥99.49. Olie - Brent Crude is flat at $108.79 and gold is up $0.68 at $1285.

Stocks: It looks like Invensys could be dragged into a bidding war with General Electric for French firm Schneider ElectricAG Barr appears to have quickly overcome the disappointment of the Britvic deal by eyeing up GlaxoSmithKline’s Lucozade and Ribena brands. In a pre-emptive measure. G4S have held discussions with its larger investors about possible cash injections following the recent revelations over falsifying prices.

Latest news: The second week of the US reporting season is always very busy and with a plethora of big names from all sectors updating, traders and investors will be watching closely. European equities have been given a boost as China’s overnight GDP figures came in as expected. Late last week worrying comments from Chinese officials had seen traders fearing disappointment this morning.  

The day ahead: Following a raft of Chinese data last night, it’s a particularly quiet schedule in Europe. US retail sales figures are released prior to the opening bell across the Atlantic. All figures as at 8am (London time).

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