Monday morning snapshot

A snapshot of the early morning’s equity news and key markets movements.

Friday’s US close: The Dow Jones closed up 30 points at 15,658; the NASDAQ finished up 13 points at 3689; and the S&P 500 ended the day up two at 1709.

This morning in London: The FTSE 100 is up 24 at 6671.

FX and commodities update: GBP/USD is up 23 pips at $1.5317; EUR/USD is up 10 pips at $1.3289; USD/JPY is down 57 pips at Y98.37. Brent Crude oil is up 32 cents at $109.27; gold is up $4.80 at $1315.

Stocks: We've seen trading updates and news from a number of firms this morning: Vodafone are looking at suing Telecom Italia; Glencore Xstrata are concluding the sale of Joe White Maltings; Pennon have announced a new director; Morgan Sindall's first-half profit dropped as the firm outlined how difficult it see the rest of the year.

Latest news: Trading volumes for the week could continue to be soft as the summer holiday season continues, though two of the bigger UK banks issue statements today. Lloyds appear to be on a charm offensive, with the group’s CEO stating that he believes up to 70% of company profit will be returned to shareholders by 2015. Meanwhile, HSBC are expected to post a profit rise of 15% for the first half.

The day ahead: Services PMI figures from the UK, Spain and Italy are followed by EU monthly retail sales. All figures as at 9am (London time).

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