Today's top story: City firms on hiring spree as salaries look set to keep rising
As the first day of December is finally upon us, the FTSE looks relatively quiet in terms of results. This morning the UK's blue-chip index is set to open lower at 7,308, following on from its second successive session of decline yesterday as stocks remained under pressure from a rising sterling buoyed by optimism over Brexit talks.
European markets are also expected to open lower – with the DAX down 27 points and the CAC 40 down 13 – as investors await news of US tax reform. The Dow Jones Industrial Average and the S&P indices closed at record highs yesterday as confidence grew that the new legislation would be passed.
But a final vote was delayed late on Thursday night, with lawmakers working through the night to adapt the legislation ahead of a new vote on Friday morning.
- Furniture company DFS has completed the £25m acquisition of Sofology
- Carillion has seen non-executive director Andrew Dougal step down from the board, to be replaced by former Segro finance director Justin Read
- 09:00 – EU Markit manufacturing PMI (November)
- 09:30 – UK Markit manufacturing PMI (November)
- 14:05 – US Fed's Bullard speech
- 14:30 – US Fed Open Market Committee member Kaplan speech
- 15:15 – US Fed Open Market Committee member Harker speech