What you need to know before the open

Today's top story: Carney rivals backs hawks on rate hike

Today's leader: Hammond is right to look beyond Brexit

The government and the Bank of England have showed signs of solidarity over Brexit with their "mutual recognition" stance, with chancellor Philip Hammond using his Mansion House speech yesterday to say he was "no enemy" of Brexit.

Today also marks the day when US goods such as orange juice, bourbon whisky and motorcycles will be hit with tariffs by the EU in response to Donald Trump's isolationist trade policies.

Meanwhile, the FTSE is predicted to open slightly up this morning at 7,568 points, according to IG Squawk. The German Dax is expected to open up 0.09 per cent to 12,523, while the French Cac is expected to rise 0.18 per cent at 5,326 points.

Asian shares slid to their lowest in six months on Friday, after a brief lull over the ongoing trade spat between the US and China. MSCIs broadest index of Asia-Pacific shares outside Japan dropped by 0.35 per cent at one point, while Japan's Nikkei lost 0.85 per cent.

Corporate news

  • Mitsubishi – will hold its annual meeting today
  • Airbus – the manufacturing giant has threatened to pull investment in the UK owing to fears over Brexit


  • All day -EU Economic and Financial Affairs Council meeting
  • 09.00 -EU markit manufacturing PMI

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