Friday 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 136 points at 14,996, the NASDAQ finished down 40 points at 3774 and the S&P 500 ended the day down 15 points at 1678.

This morning in London: The FTSE 100 is currently down 11 points at 6438.

FX and commodities: GBP/USD is down 22 pips at $1.6134, EUR/USD is up two pips at $1.3621 and USD/JPY is down 21 pips at ¥97.05. Brent crude is down 10 cents at $103.19 and gold is trading at $1318, up $2.

Stocks: Floor covering and bed retailer Carpetright warned that its full-year profits would be ‘significantly’ below previous estimates.

The day ahead: Eurozone PPI will be announced at 10am. In the US, William Dudley and Jeremy Stein of the Federal Reserve will make announcements at 2.15pm and 2.30pm respectively.

All figures correct at 8.30am. All times London time.

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