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Monday 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 down 149 points at 15,698, the NASDAQ finished down 19 points at 4103 and the S&P 500 ended the day down 11 points at 1782.

This morning in London: The FTSE 100 is currently up 16 points at 6526.

FX and commodities: GBP/USD is down 45 pips at $1.6393, EUR/USD is down nine pips at $1.3478 and USD/JPY is up six pips at ¥102.08. Brent crude is up ten cents at $106.45 and gold is trading at $1242, down $2.25.

Stocks: Both BAE Systems and Rolls-Royce Group could benefit if, as suggested by the UK’s defence secretary, Britain places an order for the F-35 jet, which has some of its parts built by the UK manufacturers. UK banks might once again struggle this morning, as regulators focus on their sales-based incentives and look to tighten up regulation overseeing these. After a slow but steady start to its partnership with Morrisons, Ocado seems ready to go ahead with the construction of a third distribution centre in the UK.

The day ahead: This morning will see manufacturing figures for Spain, Italy and the UK, followed by US figures in the afternoon. For the majority of this week China will be closed due to new-year celebrations.

All figures correct at 8.15am. All times London time.

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