{"id":83277,"date":"2018-06-19T13:33:08","date_gmt":"2018-06-19T13:33:08","guid":{"rendered":"http:\/\/www.bnreport.com\/what-you-need-to-know-before-the-open-59\/"},"modified":"2018-06-19T13:33:08","modified_gmt":"2018-06-19T13:33:08","slug":"what-you-need-to-know-before-the-open-59","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/what-you-need-to-know-before-the-open-59\/","title":{"rendered":"What you need to know before the open"},"content":{"rendered":"

<\/p>\n

Today's top story: <\/strong>Watchdog sinks teeth into KPMG<\/a><\/p>\n

Today's leader: <\/strong>Work longer to counter shifting demographics<\/a><\/p>\n

The government's day has already got off to a shaky start, with Theresa May<\/a> suffering another defeat in the House of Lords after peers decided MPs should be able to approve whatever the government decides to do next if there is no final agreement with the EU.<\/p>\n

Meanwhile, chancellor Philip Hammond<\/a>, has warned that a \u00a320bn boost for the NHS means other policies will get no increase in spending.<\/p>\n

And just when the world thought the impending trade war between the the US and China couldn't get any worse, Donald Trump<\/a> has announced he will impose tariffs not only on $50bn worth of Chinese goods, but issued a threat for a further $200bn.<\/p>\n

Meanwhile, the FTSE is predicted to open slightly down this morning at 7,608, according to London Capital Group. The German Dax is expected to open 98 points lower at 12,736, and the French Cac down 42 points at 5,408.<\/p>\n

Asian markets reacted again to the news of further tariffs on Chinese goods. MSCIs broadest index of Asia-Pacific shares outside Japan lost more than 1 per cent to its lowest level since early February owing to a slide in Chinese shares. Japan's Nikkei lost 0.9 per cent.<\/p>\n

Corporate news<\/h2>\n