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 down 66 points at 15,900, the NASDAQ finished down ten points at 3921 and the S&P 500 ended the day down six points at 1781.

This morning in London: The FTSE 100 is currently down 28 points at 6652.

FX and commodities: GBP/USD is down 20 pips at $1.6084, EUR/USD is down 13 pips at $1.3425 and USD/JPY is up 77 pips at ¥100.79. Brent crude is down 33 cents at $107.73 and gold is trading at $1246, up $2.75.

Stocks: SAB Miller continues to see dividends from its growth in the developing world, outweighing the slump in Western sales. Daily Mail has experienced growth in pre-tax profits, despite paper sales continuing to fall. Mothercare is still struggling to take advantage of the baby boom in the UK, but international sales have dragged it into profit.

The day ahead: A poor HSBC Chinese manufacturing report has started the day, and this will be followed by French, German and EU manufacturing and services PMI figures this morning. In the afternoon we will also see the latest US unemployment claims and flash manufacturing PMI.

All figures correct at 8.20am. 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.