Tuesday morning snapshot

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

Last night in the US: The Dow Jones closed up 17 points at 16,530, the NASDAQ finished up 14 points at 4138 and the S&P 500 ended the day up three points at 1884.

This morning in London: The FTSE 100 is currently down two points at 6820.

FX and commodities: GBP/USD is up 30 pips at $1.6896, EUR/USD is up eight pips at $1.3883 and USD/JPY is down ten pips at ¥102.05. Brent crude is down two cents at $107.67 and gold is trading at $1311, up $1.50.

Stocks: Following a long bank holiday weekend, Aberdeen Asset Management posted its half-year figures and its pretax profits dropped by 3%. Barclays has seen its first-quarter figures fall, with profits down 5% year-on-year. The first quarter for Glencore Xstrata has proven to be fruitful, with copper production up by 24% as developments in both African and Australian production have borne fruit.

The day ahead: The EU purchasing managers index figures are out for Spain and Italy in early trading, along with the services PMI for the UK. Later in the morning we will also see the latest monthly retail sales figures for the eurozone. The US trade balance figures will be released this afternoon, and tonight Federal Open Market Committee speaker Jeremy Stein will be talking.

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

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