Thursday morning snapshot

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

Last night in the US: The Dow Jones closed down 61 points at 15,273, the NASDAQ finished down seven points at 3761 and the S&P 500 ended the day down four points at 1692.

This morning in London: The FTSE 100 is currently up two points at 6550.

FX and commodities: GBP/USD is up one pip at $1.6078, EUR/USD is down eight pips at $1.3517 and USD/JPY is up 54 pips at ¥98.97. Brent crude is down two cents at $108.27 and gold is trading at $1332, down $2.50.

Stocks: Following yesterday’s news from Punch Taverns, Mitchells & Butlers has today confirmed it expects to meet full-year targets. Both TUI Travel and Thomas Cook have also made encouraging statements, as they see the UK market surge following a raft of summer 2014 bookings.  

The day ahead: It will be hard for the market to look anywhere else but the economic data that is being issued today. Both the UK and US are stating final quarterly GDP figures, and the US is also updating its current unemployment claims figures. How much these US figures will be an indicator of likely Fed action is debatable, but the markets will probably move on any variation from the expected reports.

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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