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 26 points at 16,276, the NASDAQ finished down 50 points at 4226 and the S&P 500 ended the day down nine points at 1857.

This morning in London: The FTSE 100 is currently up 57 points at 6577.

FX and commodities: GBP/USD is down two pips at $1.6496, EUR/USD is down two pips at $1.3835 and USD/JPY is down seven pips at ¥102.14. Brent crude is up one cent at $106.85 and gold is trading at $1314, up $6.

Stocks: British retail company Kingfisher posted a 9.8% increase in its annual profits. Budget carrier easyJet raised its first half guidance. Royal Mail announced it plans to cut 1300 jobs as part of its aim to make savings of £50m a year.

The day ahead: Today we will see the UK consumer price index, retail prices index, house price index (HPI) and the British Bankers’ Association mortgage approvals announced at 9.30am, followed by realised sales at 11am.

In the US, the HPI is expected at 1pm, followed by the Conference Board consumer confidence index, new home sales and the Richmond manufacturing index at 2pm.

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.