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 41 points at 16,373, the NASDAQ finished up 17 points at 4243 and the S&P 500 ended the day up one point at 1844.

This morning in London: The FTSE 100 is currently down four points at 6823.

FX and commodities: GBP/USD is up eight pips at $1.6581, EUR/USD is up 43 pips at $1.3589 and USD/JPY is down 16 pips at ¥104.34. Brent crude is down 27 cents at $108.05 and gold is trading at $1236, down $1.

Stocks: Falling into line with other energy providers, Scottish & Southern Energy has confirmed it will cap prices until 2015. The London Stock Exchange has continued to see good growth, with third-quarter earnings up 48%. Lonmin is preparing for further disruption to productivity, with strikes set for its platinum mines over pay disputes.

The day ahead: Overnight, HSBC issued figures showing that Chinese manufacturing was in contraction. Today we will also see both manufacturing and service PMI figures released for France, Germany, Spain and the EU. In the afternoon we will have US unemployment claims and existing home sales.

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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