Tuesday morning snapshot

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

Last night in the US: The Dow Jones closed up 87 points at 16,448, the NASDAQ finished down one point at 4074 and the S&P 500 ended the day up six points at 1869.

This morning in London: The FTSE 100 is currently up 39 points at 6739.

FX and commodities: GBP/USD is up 23 pips at $1.6831, EUR/USD is up 20 pips at $1.3868 and USD/JPY is up eight pips at ¥102.56. Brent crude is up 39 cents at $108.56 and gold is trading at $1292, down $3.25.

Stocks: Whitbread, feeling the caffeinated benefits of Costa Coffee, has posted better-than-expected full year figures up by 16.5%. The ongoing boom in the UK property market has also helped British Land shift a further two retail parks for a total of £78 million, adding to its £386 million of disposals for the year. Further EU regulations over packaging is likely to cost British American Tobacco between £100 and £200 million as it changes vending machines. BP has increased its dividend payment for the second time in the last six months, following a slightly better-than-expected set of Q1 figures.

The day ahead: A bank holiday in Japan contributed to the lack of activity in the Asian markets overnight, as the European markets prepare to open. The European Central Bank M3 money supply figures are out this morning, following a worsening Spanish unemployment figure. UK preliminary quarterly gross domestic product figures are out at 9.30am this morning, followed by the US CB consumer confidence figures in the afternoon.

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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