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 up 74 points at 16,532, the NASDAQ finished up 69 points at 4268 and the S&P 500 ended the day up 13 points at 1885.

This morning in London: The FTSE 100 is currently down ten points at 6641.

FX and commodities: GBP/USD is up 14 pips at $1.6643, EUR/USD is up 14 pips at $1.3807 and USD/JPY is up 13 pips at ¥103.78. Brent crude is up 10 cents at $105.70 and gold is trading at $1284, up $5.50.

Stocks: ASOS has reported its first-half profits fell by 22% following its announcement that it would spend £68 million on improving its facilities. It is also worth noting that monthly online views of the website have increased by 40% year-on-year. With earthquakes and tsunamis affecting Chile, copper prices have spiked and many of the miners could be set for further volatility today. GlaxoSmithKline has made further improvements with its AIDS drugs.

The day ahead: The UK construction purchasing managers index figures are out this morning followed by the EU's final GDP figures. Later in the afternoon we will see the US ADP non-farm employment change figures, giving us an idea of what Friday’s non-farm figures might be.

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

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