Friday 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 108 points at 16,331, the NASDAQ finished up 11 points at 4319 and the S&P 500 ended the day up 11 points at 1872.

This morning in London: The FTSE 100 is currently up 13 points at 6554.

FX and commodities: GBP/USD is down 30 pips at $1.6479, EUR/USD is down seven pips at $1.3774 and USD/JPY is down 28 pips at ¥102.12. Brent crude is up 12 cents at $106.53 and gold is trading at $1335, up $7.

Stocks: British Gas has announced it will cut 300 jobs in the UK and make significant reductions to its 1000 employees in Australia. Construction company Balfour Beatty has been awarded a £240 million contract for expansion work to the Dubai Mall.

The day ahead: UK public sector net borrowing is due out at 9.30am. Later in the day the eurozone consumer confidence index is expected at 3pm.

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

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