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 54 points at 16,064, the NASDAQ finished up 22 points at 3991 and the S&P 500 ended the day up eight points at 1804.

This morning in London: The FTSE 100 is currently up 25 points at 6699.

FX and commodities: GBP/USD is down 21 pips at $1.6203, EUR/USD is down 21 pips at $1.3535 and USD/JPY is up 49 pips at ¥101.75. Brent crude is down 224 cents at $108.74 and gold is trading at $1233, down $10.30.

Stocks: Poundland has taken a step further down the road towards floating, and an early 2014 date now looks almost certain. For the second week in a row John Lewis has seen sales figures jump, most recently driven up by cold-weather-wear. Rolls-Royce Group has ensured future work with a contract for the F-35 worth $215 million. There are fresh troubles brewing for the banks, as Royal Bank of Scotland comes under the microscope for its handling of closures when dealing with struggling small firms.

The day ahead: It will be a very thin day for economic data, with BBA mortgage approvals due at 9.30am and US pending home sale figures released at 3pm.

All figures correct at 8.15am. 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.