Monday 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 143 points at 16,026, the NASDAQ finished down 54 points at 3999 and the S&P 500 ended the day down 17 points at 1815.

This morning in London: The FTSE 100 is currently down 18 points at 6543.

FX and commodities: GBP/USD is down seven pips at $1.6724, EUR/USD is down 44 pips at $1.3837 and USD/JPY is up two pips at ¥101.61. Brent crude is up 100 cents at $108.31 and gold is trading at $1328, up $10.25.

Stocks: Glencore Xstrata has sold its holding in its Peruvian copper mine to a Chinese consortium for $6 billion. GlaxoSmithKline’s sales tactics are under scrutiny as an investigation in Poland is now taking place. Desperate to turn around dwindling sales, Punch Taverns has brought in a corporate restructuring team. Aggreko is aiming to increase its supply to the Ivory Coast as it views it as one of the growing economies in Africa.

The day ahead: The European industrial production figures are the sole economic data release this morning. In the afternoon we will see both US monthly core and retail sales figures along with monthly business inventories. Later on in the afternoon Federal Open Market Committee member Daniel Tarullo will be speaking at the US stock exchange.

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

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.