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Thursday morning snapshot

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

All trading involves risk. Losses can exceed deposits.

Last night in the US: The Dow Jones closed up 24 points at 16,097, the NASDAQ finished up 27 points at 4044 and the S&P 500 ended the day up four points at 1807.

This morning in London: The FTSE 100 is currently down three points at 6645.

FX and commodities: GBP/USD is up 33 pips at $1.6322, EUR/USD is up 10 pips at $1.3593 and USD/JPY is up seven pips at ¥102.22. Brent crude is up five cents at $111.32 and gold is trading at $1240, up $2.50.

Stocks: Wolseley has outlined how they see markets remaining tough in the foreseeable future especially on mainland Europe. Kingfisher has stated that Q3 figures will come in at the lower end of the range. Rio Tinto hope to cut costs on global production by $3 billion over the next four years.

The day ahead: Governor of the Bank of England Mark Carney will be speaking today at 10:30am, talking about the country’s financial stability. We will also see the EU’s M3 money supply figures. The US has a bank holiday celebrating Thanksgiving. 

All figures correct at 8.20am. All times London time.

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