Markets

What you need to know before the open

Today's top story: European Central Bank announces end of quantitative easing

Today's leader: Will Theresa May's fudge save her bacon?

It might be the end of the week, but there are still plenty of business stories on the agenda today – not least Tesco's latest results this morning.

Asian shares meanwhile, looked shaky today after investors braced for the expected US tariffs against China, while the euro hovered near two-week lows after the European Central Bank indicated it would not be lifting interest rates for a while.

European markets are forecast to finish the week somewhat higher, with London Capital Group expecting the FTSE to open 10 points higher at 7,775.

The German Dax is set for a more marked 30 points rise to 13,137, while the French Cac is expected to open four points higher at 5,532.

Corporate news

  • Tesco – is hoping investors will have some good results to check out today
  • McDonald's – is replacing plastic straws with paper ones in all of its UK restaurants starting from September
  • AT&T – has tied up its blockbuster Time Warner acquisition
  • Didi Chuxing – the Chinese ride-sharing giant is headed Down Under

Data

  • 9.00 -Italian industrial sales (April)
  • 10.00 – Eurozone consumer price index (May)
  • 12:15 – US industrial production (May)

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