Monday morning snapshot

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

Friday night in the US: The Dow Jones closed up 76 points at 15,072, the NASDAQ finished 33 points higher at 3807 and the S&P 500 ended 11 points stronger at 1690.

This morning in London: The FTSE 100 is currently down 30 points at 6422.

FX and commodities: GBP/USD is up 27 pips at $1.6035, EUR/USD is 13 pips higher at $1.3571 and USD/JPY is down 37 pips at ¥97.09. Brent crude is down 42 cents at $109 and gold is up $4.15 at $1314.

Stocks: The corporate calendar is particularly bare, but that won’t  last long as the US reporting season kicks off tomorrow, with Alcoa the first company to issue figures.

The day ahead: Markets are likely to be driven by fear for the continuing inability of US politicians to resolve their differences, while enthusiasm will also be dampened after the World Bank lowered its growth forecast for China.

All figures correct at 8am. All times London time.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. 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. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.