Tuesday 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 179 points at 16,257, the NASDAQ finished down 61 points at 4113 and the S&P 500 ended the day down 23 points at 1819.

This morning in London: The FTSE 100 is currently down 33 points at 6723.

FX and commodities: GBP/USD is up 40 pips at $1.6423, EUR/USD is up 19 pips at $1.3690 and USD/JPY is up 39 pips at ¥103.37. Brent crude is up 35 cents at $92.12 and gold is trading at $1252, down $1.

Stocks: Barratt Developments reported a 20% increase in completions over the past six months. ASOS reported a 37% increase in fourth quarter revenue. Balfour Beatty stated that the order book is flat on the year. 

The day ahead: UK CPI, PPI and HPI are due at 9.30am, followed by eurozone industrial production at 10am. In the US, retail sales are due out at 1.30pm, followed by business inventories at 3pm.

All figures correct at 9.00am. All times London time.

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