Today's top story: Brexit paper 'a real blow' to the City
Today's leader: City's Brexit frustration turns towards Brussels
Sterling tumbled overnight as yesterdays long-awaited arrival of both Donald Trump and the Brexit white paper unravelled. The pound slipped after the President said that a softer Brexit approach from Downing Street would mean a trade deal with the US was "probably" off the table.
Wall Street rebounded overnight as earning season gets underway today, with the Nasdaq hitting a fresh record high on the back of a big Amazon rally.
Asian markets were boosted by the US stocks bump, and MSCIs broadest index of Asia-Pacific shares outside Japan was up 0.6 per cent, adding to a 0.6 per cent rise yesterday.
However, markets in China wobbled as investors prepare themselves for the escalting tit-for-tat tariffs between Beijing and Washington DC.
The FTSE is expected to open up 41 points higher at 7,692 this morning. The German Dax is set to start 54 points up at 12,546 while the French Cac is expected to begin 25 points higher at 5,430, according to London Capital Group.
Corporate news
- Workspace Group – the leading office and space provider has its annual general meeting
- Marks & Spencer – has its final dividend payment date
- Ashmore Group – has its trading statement
Data
- 15:00 – US Fed monetary policy report
