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.

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