Thursday morning snapshot

A snapshot of the early morning's equity news and key market movements.

A bus passing the Bank of England
Source: Bloomberg

Last night in the US: The Dow Jones closed up 77 points at 17,138, the NASDAQ finished up nine points at 4425 and the S&P 500 ended the day up eight points at 1981.

This morning in London: The FTSE 100 is currently down 18 points at 6765.

FX and commodities: GBP/USD is up two pips at $1.7139, EUR/USD is up two pips at $1.3527 and USD/JPY is down 15 pips at ¥101.51. Brent crude is down three cents at $107.37 and gold is trading at $1306, up $4.50.

Stocks: Retailer Sports Direct has posted a pretax profit up 15.6%. Anglo American has followed yesterday’s good Rio Tinto figures with some of its own, as the upturn in Chinese demand for commodities has helped improve figures. SSE has seen its earnings maintained, however user numbers have fallen even with its implementation of a price freeze.

The day ahead: Eurozone inflation figures are out this morning and are not expected to make pleasant reading for the European Central Bank president Mario Draghi. The early afternoon sees US building permits and housing starts along with unemployment claims, then later on the Philadelphia Federal Reserve manufacturing index.

All figures correct at 8.15am. 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.