Markets

What you need to know before the open

Today's top story: Christian Sewing confirmed as new Deutsche Bank head to replace chief executive John Cryan

Today's leader: Fear not – a flurry of inbound mergers and acquisitions is good news for post-Brexit Britain

European markets are expected to open higher this morning as Asian stocks shrugged off the escalating threat of a trade war between the US and China.

President Donald Trump kept up a war of words against President Xi Jinping over the weekend. Trump also led international condemnation against the Syrian government over an alleged chemical weapons attack, though the Pentagon has denied reports of a US air strike.

The FTSE is expected to start the day up by 34 points at 7,204, while Germany's Dax is seen higher by 54 points at 12,277 and the French Cac is set to open up 14 points at 5,266, according to IG.

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7 per cent, while Japan's Nikkei rose 0.6 per cent.

US stock futures were up after Wall Street recorded steep losses on Friday.

Corporate news

Data

  • 07:00 – German trade figures (February)
  • 08:30 – Halifax house prices (March)

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