Tuesday morning snapshot

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

A bus passing the Bank of England
Source: Bloomberg

Last night in the US: The Dow Jones closed up five points at 16,781, the NASDAQ finished up ten points at 4321 and the S&P 500 ended the day up one point at 1937.

This morning in London: The FTSE 100 is currently up 13 points at 6767.

FX and commodities: GBP/USD is up two pips at $1.6983, EUR/USD is down 12 pips at $1.3560 and USD/JPY is up nine pips at ¥101.92. Brent crude is down 15 cents at $112.86 and gold is trading at $1264, down $7.25.

Stocks: The hotel and coffee operator Whitbread has seen solid figures for the start of the year driven by coffee sales and an improvement in Premier Inn results. Ashtead has seen a large jump in its pretax sales for the year, going from £214mn up to £357mn. Rumours are circulating that RSA will continue to asset strip as they are looking to sell off their Asian operations with an expected $500mn price tag. Reflecting the growing M&A activity we have seen in the pharmaceutical stocks, Shire has hired Citi bank to advise them on any future bids.

The day ahead: Both the UK, in the morning, and the US, in the afternoon, will be releasing inflation figures today. Mid-morning we will also see the release of German ZEW economic sentiment figures.

All figures correct at 8.10am. All times London time.

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