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 up 76 points at 15,072, the NASDAQ finished 33 points higher at 3807 and the S&P 500 ended 11 points stronger at 1690.

This morning in London: The FTSE 100 is currently down 30 points at 6422.

FX and commodities: GBP/USD is up 27 pips at $1.6035, EUR/USD is 13 pips higher at $1.3571 and USD/JPY is down 37 pips at ¥97.09. Brent crude is down 42 cents at $109 and gold is up $4.15 at $1314.

Stocks: The corporate calendar is particularly bare, but that won’t  last long as the US reporting season kicks off tomorrow, with Alcoa the first company to issue figures.

The day ahead: Markets are likely to be driven by fear for the continuing inability of US politicians to resolve their differences, while enthusiasm will also be dampened after the World Bank lowered its growth forecast for China.

All figures correct at 8am. All times London time.

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This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa 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. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.

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