Friday morning snapshot

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

Friday night in the US: The Dow Jones closed down 266  points at 16,170, the NASDAQ finished down 129 points at 4054 and the S&P 500 ended the day down 39 points at 1833.

This morning in London: The FTSE 100 is currently down 59 points at 6582.

FX and commodities: GBP/USD is down five pips at $1.6780, EUR/USD is up five pips at $1.3891 and USD/JPY is up 22 pips at ¥101.76. Brent crude is down nine cents at $107.35 and gold is trading at $1318, down $1.

Stocks: UK investment group Jupiter Fund Management reported a 2% increase in assets under management in the first quarter.

The day ahead: UK leading index is due out at 10am. In the US, PPI will be released at 1.30pm, followed by University of Michigan consumer sentiment at 2.55pm.

All figures correct at 8am. All times London time.

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