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 flat at 16,072, the NASDAQ finished up 23 points at 4017 and the S&P 500 ended the day flat at 1802.

This morning in London: The FTSE 100 is currently up 13 points at 6649.

FX and commodities: GBP/USD is down two pips at $1.6213, EUR/USD is up seven pips at $1.3579 and USD/JPY is up 35 pips at ¥101.66. Brent crude is up nine cents at $110.93 and gold is trading at $1245, up $3.50.

Stocks: United Utilities has reported an improvement in interim profits, while Royal Mail has seen profits almost double. Tesco has completed the sale of its failed US venture, Fresh & Easy. Compass Group has announced another share buyback, this time with £500 million of capital.

The day ahead: The UK’s second estimate of quarterly GDP figures, together with US durable goods offers and unemployment claims, are the highlights of today’s economic data releases.

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

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