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 65 points at 16,514, the NASDAQ finished up 28 points at 3588 and the S&P 500 ended the day up seven points at 1879.

This morning in London: The FTSE 100 is currently up four points at 6685.

FX and commodities: GBP/USD is down 22 pips at $1.6801, EUR/USD is down three pips at $1.3801 and USD/JPY is down ten pips at ¥102.51. Brent crude is up 14 cents at $109.35 and gold is trading at $1285, up $1.

Stocks: Associated British Foods reported a 4% increase in its six-month profits. British semiconductor and software company ARM Holdings posted a 20% rise in its first-quarter net income.

The day ahead: The eurozone manufacturing purchasing managers index (PMI) is expected at 9am, followed by the Bank of England minutes at 9.30am. Later in the morning, the UK Confederation of British Industry industrial order expectations are due out at 11am.

In the US, the manufacturing PMI will be released at 2.45pm, followed by new home sales 3pm.

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

IGA, may distribute information/research produced by its respective foreign affiliates 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.