Thursday 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 71 points at 15,821, the NASDAQ finished up 45 points at 3965 and the S&P 500 ended the day up 14 points at 1782.

This morning in London: The FTSE 100 is currently up 59 points at 6689.

FX and commodities: GBP/USD is down 11 pips at $1.6047, EUR/USD is down 20 pips at $1.3465 and USD/JPY is up 53 pips at ¥99.78. Brent crude is up 29 cents at $107.21 and gold is trading at $1283, up $2.20.

Stocks: The major mobile phone networks may be struggling, but Carphone Warehouse Group has managed to post first-half sales up 8.3% and is well placed to meet full-year targets. In another hit to the high street, WH Smith has seen revenue drop by 4% as high-street footfall has dropped in the last quarter. Barclays has suffered a blow to its plans to become whiter than white, as Sir Hector Sants has stepped down from his role as head of compliance due to ill health.

The day ahead: There is plenty for traders to absorb this morning, with the ECB monthly bulletin out at 9am, quarterly flash GDP figures at 10am and the Eurogroup meeting all day. The US then steps up to the plate, with unemployment claims and trade balance figures released at 1.30pm and Fed chairwoman-in-waiting Janet Yellen speaking at 3pm.

All figures correct at 8.15am. All times London time.

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