Markets

What you need to know before the open

Today's top story: London Stock Exchange bounces back to top Europe's IPO charts

Today's leader: Students should be treated like consumers

Theresa May will update MPs on the progress of Brexit talks today, ahead of a summit on Thursday. She is expected to greet a "new sense of optimism" and deny that the government has watered down any of its demands.

European markets are expected to open higher this morning.

Spreadbetters tip that the FTSE will open 0.41 per cent higher at 7,424. Elsewhere in Europe, the German Dax is set to open 0.23 per cent higher at 13,183 and the French Cac will be up 0.24 per cent at 5,412.

The first Bitcoin futures launched over the weekend, opening yet another chapter in the cryptocurrency's erratic rise. This morning Bitcoin is already up more than 10 per cent at around $16,700, while the futures contracts at CBOE Global Markets rocketed to above $18,000.

Asian stocks continued to rise following unexpectedly positive data from China last week. The MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5 per cent at 552.38. China's blue-chip CSI 300 index was up 1.3 per cent while Japan's Nikkei climbed 0.6 per cent.

Corporate news

  • BAE Systems and the government of Qatar have entered into a £5bn contract for the supply of Typhoon aircraft
  • FTSE 250 investors Scottish Investment Trust reported "above average" returns in its annual results

Data

  • 15:00 – US job vacancies data

Original Article

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