Markets

What you need to know before the open

Today's top story: Exclusive: Labour to meet Morgan Stanley after Corbyn's "threat" tweet

Today's leader: Christmas consumers face an epic hangover

Discussions over the EU withdrawal bill will continue today in parliament. Theresa May faces a possible today as Conservative MPs unite to force a "meaningful vote" on the final deal.

Meanwhile, European stocks are expected to open lower.

Spreadbetters say the FTSE will edge down 0.06 per cent at 7,496. The German Dax is set to lose 0.15 per cent and the French Cac is expected to dip by 0.11 per cent.

In the US, the dollar slid after Doug Jones won a rare Democrat victory for a Senate seat in Alabama.

Meanwhile Asian stocks edged up. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent and Japan's Nikkei rose 0.5 per cent.

Corporate news

  • Travel company TUI reported double-digit revenue growth in another bumper year for holidays.
  • Dixons Carphone profits have fallen to less than half of the number reported this time last year.
  • Serco has signed an agreement to acquire health facilities management contracts from Carillion.

Data

  • 09:30 – UK unemployment figures (November)
  • 09:30 – UK average earnings (October)
  • 10:00 – EU industrial production (October)

Original Article

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