Tuesday morning snapshot

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

A bus going past the Bank of England
Source: Bloomberg

Last night in the US: The Dow Jones closed up 111 points at 17,055, the NASDAQ finished up 24 points at 4440 and the S&P 500 ended the day up nine points at 1977.

This morning in London: The FTSE 100 is currently up eight points at 6755.

FX and commodities: GBP/USD is down 15 pips at $1.7067, EUR/USD is down 12 pips at $1.3605 and USD/JPY is up three pips at ¥101.56. Brent crude is down 55 cents at $106.55 and gold is trading at $1308, down $1.

Stocks: The recruitment firm Michael Page has seen profits grow by 8.9%, driven by improvements in the US, UK and Chinese markets. But, like many UK firms with extensive business overseas, it has suffered a negative impact from its currency exposure. Dairy Crest has seen sales increase in most of its major brands, such as Cathedral City, Country Life and FRijj, although Clover has continued to struggle. The US reporting season continues today and the likes of Intel, Yahoo!, JPMorgan, Goldman Sachs and Johnson & Johnson are yet to report.

The day ahead: UK inflation figures dominate the early economic data releases today. Mid-morning we will see the latest German ZEW economic sentiment figures, and the Bank of England’s Mark Carney will also be speaking. This afternoon, the US retail sales figures are due for release and Federal Reserve chair Janet Yellen speaks.

All figures correct at 8.20am. 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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