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 167 points at 15,761, the NASDAQ finished up 61 points at 3919 and the S&P 500 ended the day up 23 points at 1770.

This morning in London: The FTSE 100 is currently flat at 6708

FX and commodities: GBP/USD is down 11 pips at $1.6007, EUR/USD is down one pip at $1.3234 and USD/JPY is down nine pips at ¥98.97. Brent crude is up 47 cents at $105.56 and gold is trading at $1285, down $2.41.

Stocks: BT has escalated its battle with BSkyB by agreeing a record deal to show the Champions League from 2015. The Royal Bank of Scotland has seen over 1000 customers agree a mortgage on the back of the government’s new ‘help to buy’ housing scheme in the last month. Automotive insurer Admiral reports that the number of cars it insures has increased by 3% during the third quarter.

The day ahead: With bank holidays in France, Canada and the US today, markets are set for lower volumes, especially as the economic calendar looks very thin.

All figures correct at 8.30am. 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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