Thursday 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 205 points at 15,373, the NASDAQ finished up 45 points at 3839 and the S&P 500 ended 23 points stronger at 1721.

This morning in London: The FTSE 100 is currently down seven points at 6564.

FX and commodities: GBP/USD is up 40 pips at $1.5992, EUR/USD is 24 pips higher at $1.3557 and USD/JPY is down 38 pips at ¥98.38. Brent crude is 26 cents off at $110.35 and gold is down $3.60 at $1278.

Stocks: Drinks manufacturer Britvic has reported revenue growth of 4.4% and said full-year profit should beat market expectations. Booker Group’s first-half sales rose by 16.5%, enabling the food wholesaler to increase its dividend by 18%. Cairn Energy has announced a $300 million share buyback scheme.  

The day ahead: UK retail sales figures are released at 9.30am. This afternoon’s US unemployment claims will take on a little more relevance than normal with the absence of non-farm payrolls earlier this month due to the US shutdown.

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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