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 up 75 points at 15,467, the NASDAQ finished up nine points at 3929 and the S&P 500 ended the day up ten points at 1754.

This morning in London: The FTSE 100 is currently down 27 points at 6668.

FX and commodities: GBP/USD is down 88 pips at $1.6149, EUR/USD is down 13 pips at $1.3769 and USD/JPY is down 63 pips at ¥97.50. Brent crude is down 32 cents at $109.68 and gold is trading at $1335, down $5.

Stocks: Home Retail Group, owner of Argos and Homebase, posted a 53% rise in six-month pre-tax profits. Currency and security document producer De La Rue issued a profit warning.

The day ahead: UK mortgage approvals and Bank of England minutes are due at 9.30am. In the US, import prices will be released at 1.30pm, followed by the house price index at 2pm.

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

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