Markets

What you need to know before the open

Today's top story: Peanut butter, orange juice, bourbon, steel: EU warns of US tariffs

Today's leader: The City has reason to be cheerful this International Women's Day

Despite the EU's warnings that Donald Trump's plan for tariffs could trigger a retaliation, fears were eased somewhat after the White House said Mexico and Canada could be exempt.

European markets look relatively unchanged in this morning's opening calls, with the FTSE expected to be up 0.01 per cent. The German Dax is tipped to be up 0.12 per cent while the French Cac is set to rise 0.27 per cent.

Asian shares took heart at the prospect of key countries being exempt from trade barriers. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9 per cent while the Japanese Nikkei was up 0.8 per cent.

Corporate news

  • G4S – Full year results showed growth in revenue and underlying profit, but a reduction in cash flow.
  • Domino's Pizza Group – Acquisitions of other franchisees helped to increase sales by over 15 per cent, according to results for 2017.
  • Euromoney – The company has bought research firm Extel for an undisclosed amount.

Data

  • 12:45 – European Central Bank interest rate decision
  • 13:30 – US jobless claims

Original Article

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CityAM

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