All trading involves risk. Losses can exceed deposits.

Wednesday morning snapshot

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

All trading involves risk. Losses can exceed deposits.
A bus passing the Bank of England
Source: Bloomberg

Last night in the US: The Dow Jones closed up 61 points at 17,113, the NASDAQ finished up 31 points at 4456 and the S&P 500 ended the day up nine points at 1983.

This morning in London: The FTSE 100 is currently up 11 points at 6806.

FX and commodities: GBP/USD is up ten pips at $1.7074, EUR/USD is down seven pips at $1.3457 and USD/JPY is down eight pips at ¥101.36. Brent crude is down seven cents at $107.45 and gold is trading at $1306, down $1.

Stocks: The UK miner BHP Billiton has posted better-than-expected figures, up by 4% on the year. Centrica on the other hand has come up empty handed from its latest drilling exploits off the coast of Norway. Sage has seen its revenue increase by 4.7% and expects its full-year figures to hit its 6% growth target. Standard Chartered is facing its worst drop in profits for over a decade and looks likely to shelve any future expansion plans.  

The day ahead: This morning we will see how the Monetary Policy Committee members voted in the last bank rate setting meeting, and Mark Carney will be speaking just after midday. Later on in the afternoon we will see the latest eurozone consumer confidence and US crude oil inventories.

All figures correct at 8.40am. 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.