Monday 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 85 points at 15,961, the NASDAQ finished up 13 points at 3985 and the S&P 500 ended the day up seven points at 1798.

This morning in London: The FTSE 100 is currently down eight points at 6685.

FX and commodities: GBP/USD is up 11 pips at $1.6127, EUR/USD is down one pip at $1.3496 and USD/JPY is down 17 pips at ¥99.99. Brent crude is down 67 cents at $107.88 and gold is trading at $1286, down $3.

Stocks: Lloyds Banking Group has sold Scottish Widows to Aberdeen Asset Management for £660 million. In the run up to Christmas, as its TV advert started playing, John Lewis has seen an 11.7% jump in sales. It is yet to be confirmed, but it looks increasingly likely that ITV will gain the balance of Champions League football as the UK’s terrestrial broadcaster. The popularity of IPOs has seen Saga edge towards a float that could enable the travel company to raise up to £3 billion.

The day ahead: It is a relatively quiet day on the economic calendar today, with the EU current account and trade balance figures hogging the limelight.

All figures correct at 8.05am. 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.