Thursday morning snapshot

A snapshot of the early morning’s equity news and key markets movements.

Last night in the US: The Dow Jones closed down 126 points at 14,995, the NASDAQ finished down 36 points at 3400 and the S&P 500 closed down 13 points at 1612.

This morning in London: The FTSE 100 is currently down ten points at 6331.

FX and commodities: GBP/USD is down 18 pips at $1.5662, EUR/USD is up 14 pips at $1.3351 and USD/JPY is down 191 pips at Y94.11. Brent Crude is down 48 cents at $103.14 and gold is trading at $1386, down $3.

Stocks: Rio Tinto has agreed to sell a nickel mine for $325 million, as cost-cutting continues. Mulberry announced a 27% drop in full-year pre-tax profits. Home Retail announced higher quarterly sales at both Argos and Homebase.

The day ahead: In Europe, we are not expecting any major economic announcements. In the US, retail sales and initial jobless claims are due out at 1.30pm, followed by business inventories at 3pm (all London times).

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.