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 nine points at 15,875, the NASDAQ finished down six points at 4023 and the S&P 500 ended the day down five points at 1781.

This morning in London: The FTSE 100 is currently up 22 points at 6507.

FX and commodities: GBP/USD is up 15 pips at $1. 6278, EUR/USD is down four pips at $1.3763 and USD/JPY is up 28 pips at ¥102.95. Brent crude is up 24 cents at $108.65 and gold is trading at $1235, up $5.20.

Stocks: United Utilities goes ex-dividend today. Food retailers are struggling again, with Tesco and Sainsbury’s being the second and third biggest fallers. BP has announced that it has made a major discovery in the gulf of Mexico.

The day ahead: UK unemployment figures are out at 9:30am, along with news of how the MPC last voted. A raft of US housing figures are due for release today, but all eyes are on the US FOMC statement tonight at 7pm.

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.