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 111 points at 15,680, the NASDAQ finished up 12 points at 3952 and the S&P 500 ended the day up nine points at 1771.

This morning in London: The FTSE 100 is currently up 30 points at 6804.

FX and commodities: GBP/USD is down two pips at $1.6044, EUR/USD is down two pips at $1.3745 and USD/JPY is up five pips at ¥98.27. Brent crude is up 22 cents at $109.02 and gold is trading at $1346, up $2.

Stocks: Barclays reported a 196% increase in nine-month pre-tax profits. Next announced a 4.3% rise in third-quarter sales, while Pearson has seen a 4% rise in nine-month sales.

The day ahead: Eurozone PMI is due out at 9.10am. In the US, ADP employment will be released at 12.15pm, followed by inflation at 12.30pm. The Federal Reserve will make an announcement at 6pm.

All figures correct at 8.30am. 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.