Wednesday morning snapshot

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

Last night in the US: The Dow Jones closed down 23 points at 16,130, the NASDAQ finished up 28 points at 4272 and the S&P 500 ended the day up two points at 1840.

This morning in London: The FTSE 100 is currently up five points at 6799.

FX and commodities: GBP/USD is up 25 pips at $1.6708, EUR/USD is down three pips at $1.3759 and USD/JPY is down 27 pips at ¥102.07. Brent crude is down 30 cents at $110.20 and gold is trading at $1317, down $4.75.

Stocks: Vodafone has announced some of the terms for its stock placing today. Tracksuit sales appear to be buoyant, as Sports Direct’s quarterly profit figures are up 14.6% and the company is confident of hitting full-year targets. Standard Chartered is looking to raise between $500-$700 million from the sale of its Hong Kong based consumer finance business.

The day ahead: We will gain further insight into the Bank of England’s thinking this morning, as the voting results for its asset-purchase facilities will be released today, along with the UK unemployment figures. US building permits and monthly PPI will be announced today, followed by the minutes of the last Federal Open Market Committee meeting.

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

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