Wednesday morning snapshot

A snapshot of the early morning's equity news and key market movements.

Last night in the US: The Dow Jones closed flat at 16,072, the NASDAQ finished up 23 points at 4017 and the S&P 500 ended the day flat at 1802.

This morning in London: The FTSE 100 is currently up 13 points at 6649.

FX and commodities: GBP/USD is down two pips at $1.6213, EUR/USD is up seven pips at $1.3579 and USD/JPY is up 35 pips at ¥101.66. Brent crude is up nine cents at $110.93 and gold is trading at $1245, up $3.50.

Stocks: United Utilities has reported an improvement in interim profits, while Royal Mail has seen profits almost double. Tesco has completed the sale of its failed US venture, Fresh & Easy. Compass Group has announced another share buyback, this time with £500 million of capital.

The day ahead: The UK’s second estimate of quarterly GDP figures, together with US durable goods offers and unemployment claims, are the highlights of today’s economic data releases.

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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