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 133 points at 15,168, the NASDAQ finished 21 points weaker at 3794 and the S&P 500 ended the day 12 points lower at 1698.

This morning in London: The FTSE 100 is currently down 12 points at 6537.

FX and commodities: GBP/USD is down eight pips at $1.5988, EUR/USD is down seven pips at $1.3516 and USD/JPY is up 26 pips at ¥98.43. Brent crude is down 14 cents at $109.27 and gold  is up $2.20 at $1285.

Stocks: There is a shortage of FTSE corporate news today but attention was never going to be directed here anyway, with the focus on US politicians.

The day ahead: UK unemployment figures and average earnings will be posted this morning, followed by the EU trade balance. All eyes however will be on US politicians as they continue to drag their feet over budget and debt issues.

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

IGA, may distribute information/research produced by its respective foreign affiliates 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.