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 89 points at 16,040, the NASDAQ finished down 34 points at 4237 and the S&P 500 ended the day down 12 points at 1828.

This morning in London: The FTSE 100 is currently down 46 points at 6749.

FX and commodities: GBP/USD is up nine pips at $1.6687 EUR/USD is up four pips at $1.3737 and USD/JPY is down 48 pips at ¥101.81. Brent crude is down 35 cents at $110.05 and gold is trading at $1313, up $2.50.

Stocks: Drinks container manufacturer Rexam has posted a 4% increase in pre-tax profits. In the latest blow to Scottish independence, Lloyds has confirmed it will not be basing TSB north of the border, after it has been floated. Although BAE Systems has posted figures in line with expectations, its gloomy outlook for the year ahead and the continuing reduction in US military spending has seen it reduce its earnings outlook for 2014 by 5-10% .

The day ahead: Overnight we saw slightly weaker HSBC flash manufacturing figures out for China. This morning will also see manufacturing and service PMI figures for France, Germany and the EU. The US unemployment claims and CPI statistics will be released this afternoon, along with the Philadelphia Federal manufacturing index.

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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