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 up 181.55 points at 16,247.22, the NASDAQ finished up 34.55 points at 4279.95 and the S&P 500 ended the day up 17.7 at 1858.83.

This morning in London: The FTSE 100 is currently down 12.7 points at 6555.

FX and commodities: GBP/USD is down 41 pips at $1.6598, EUR/USD is down 13.5 pips at $1.3911 and USD/JPY is down 31.5 pips at ¥101.59. Brent crude is up 47 cents at $106.71 and gold is trading at $1359.1, down $7.4.

Stocks: Antofagasta is up 3.3% after reporting its preliminary figures. The copper miner saw an 11.4% drop in revenue, with net earnings down 36.4% to $659.6 million. Supermarket Sainsbury's is off 1.7% after its quarterly figures dropped by 1.5%, declining for the first time in nine years. On AIM, online fashion and beauty retailer ASOS is tumbling, dropping 19% after its 26% rise in sales for the first two months of 2014 failed to meet the expected 35% rise.

The day ahead: German ZEW sentiment is first up on the calendar today, along with the eurozone’s January trade balance figures. At 12.30pm we have US consumer price index, housing starts and building permits. The latest Federal Reserve meeting gets underway today, with the decision and press conference to take place tomorrow evening.

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

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