Thursday 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 162 points at 16,424, the NASDAQ finished up 52 points at 4086 and the S&P 500 ended the day up 19 points at 1862.

This morning in London: The FTSE 100 is currently down 16 points at 6568.

FX and commodities: GBP/USD is up 32 pips at $1.6829, EUR/USD is up 24 pips at $1.3839 and USD/JPY is down 19 pips at ¥102.03. Brent crude is down two cents at $109.57 and gold is trading at $1296, down $5.40.

Stocks: Luxury fashion retailer Mulberry has issued a profit warning this morning, the fourth in the last two years. Taylor Wimpey has once again been helped by government incentives and maintains its strong sales outlook for its first quarter. Lloyds has reached an agreement to cash out the retail investors that helped bail out the bank in 2009 in the form of a £58.5 million settlement. Diageo has disappointed the markets with poor Q3 figures, dragged down by an unstable Asian market.

The day ahead: Overnight we heard from the Bank of Japan governor Haruhiko Kuroda and also saw a lower Japanese consumer confidence figure, the lowest since August 2011. Today will be a quiet morning with only German PPI figures to be released. In the afternoon we will see the latest US unemployment claims and the Philly Federal Reserve manufacturing index.

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

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