Friday 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 ten points at 16,543, the NASDAQ finished up 15 points at 3650 and the S&P 500 ended the day up four points at 1892.

This morning in London: The FTSE 100 is currently down 14 points at 6805.

FX and commodities: GBP/USD is down four pips at $1.6868, EUR/USD is down seven pips at $1.3649 and USD/JPY is down six pips at ¥101.68. Brent crude is up seven cents at $110.42 and gold is trading at $1295, up $1.

Stocks: Saga’s IPO opened at 185p, giving the company a market capitalisation of £2.1 billion. Balfour Beatty has won a £78 million US rail contract. The company will build tracks and system components for North Carolina’s Charlotte transit system.

The day ahead: Today will see the release of the German IFO business climate and Italian retail sales at 9am. Later in the day, US new home sales are expected at 3pm.

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.