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 19 points at 16,715, the NASDAQ finished down 13 points at 4130 and the S&P 500 ended the day up one point at 1897.

This morning in London: The FTSE 100 is currently down 15 points at 6858.

FX and commodities: GBP/USD is up 43 pips at $1.6867, EUR/USD is up 15 pips at $1.3718 and USD/JPY is down 12 pips at ¥102.12. Brent crude is up 26 cents at $109.52 and gold is trading at $1298, up $4.75.

Stocks: The second day of questioning for the Pfizer chief executive officer has grabbed much of the headlines this morning. The FTSE has seen 15.6 points taken out of it because of companies going ex-dividend today.  Also reporting today are Admiral, British Land Company, Compass Group, St James's Place Capital and Unilever.

The day ahead: The UK inflation report will be released this morning along with the UK unemployment rate. Later in the morning Bank of England governor Mark Carney will be speaking. This afternoon will see the US inflation PPI figures along with the Deutsche Bundesbank president Jens Weidmann speaking.

All figures correct at 8.50am. 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.