Monday morning snapshot

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

Friday's US close: The Dow Jones closed up three points at 15,464, the NASDAQ finished 21 points stronger at 3600 and the S&P 500 ended five points higher at 1680.

This morning in London: The FTSE 100 is currently up 58 points at 6603.

FX and commoditiesGBP/USD is six pips lower at $1.5100; EUR/USD is down 11 pips at $1.3056 and USD/JPY is up 37 pips at ¥99.49. Oil - Brent Crude is flat at $108.79 and gold is up $0.68 at $1285.

Stocks: It looks like Invensys could be dragged into a bidding war with General Electric for French firm Schneider ElectricAG Barr appears to have quickly overcome the disappointment of the Britvic deal by eyeing up GlaxoSmithKline’s Lucozade and Ribena brands. In a pre-emptive measure. G4S have held discussions with its larger investors about possible cash injections following the recent revelations over falsifying prices.

Latest news: The second week of the US reporting season is always very busy and with a plethora of big names from all sectors updating, traders and investors will be watching closely. European equities have been given a boost as China’s overnight GDP figures came in as expected. Late last week worrying comments from Chinese officials had seen traders fearing disappointment this morning.  

The day ahead: Following a raft of Chinese data last night, it’s a particularly quiet schedule in Europe. US retail sales figures are released prior to the opening bell across the Atlantic. All figures as at 8am (London time).

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. 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. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.