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 159 points at 14,776, the NASDAQ finished down 75 points at 3694 and the S&P 500 ended the day 20 points weaker at 1655.

This morning in London: The FTSE 100 is currently down 25 points at 6440.

FX and commodities: GBP/USD is down 49 pips at $1.6034, EUR/USD is 49 pips lower at $1.3525 and USD/JPY is up 49 pips at ¥97.37. Brent crude is down 82 cents at $109.33 and gold is trading at $1317, down $2.

Stocks: Brewing and pub group Marston’s reported a 2% increase in second-half like-for-like sales. Natural resources company Vedanta Resources announced a 16% increase in second-half mined metals.

The day ahead: UK GDP and mortgage approvals are due for release at 9.30am. In the US, consumer confidence and new home sales will be announced at 3pm.

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

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