Wednesday 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 116 points at 15,122, the NASDAQ finished down 36 points at 3436 and the S&P 500 closed down 16 points at 1626.

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

FX and commodities: GBP/USD is up 24 pips at $1.5669, EUR/USD is up 11 pips at $1.3325 andUSD/JPY is up 72 pips at Y96.76. Brent Crude is down 38 cents at $102.55 and gold is trading at $1378, up $1.

Stocks: ASOS announced a 45% increase in quarterly sales year-on-year.

The day ahead: In Europe, UK unemployment rate is due out at 9.30am, followed by eurozone industrial production at 10am. In the US, the Federal budget is expected at 7pm (all London times).

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