Today's top story: Money trouble: Frosty Barnier-Davis exchange over divorce bill sparks City fears of trade talks delay
Today's leader: Macron begins to battle the French status quo
Brexit negotiations are rumbling on, but at a press conference yesterday, Brexit secretary David Davis and his EU counterpart Michel Barnier admitted little progress had been made on the size of the UK's so-called Brexit bill, stoking fears in the City that the deadlock could push transition talks into next year.
European stock markets are set for a mixed bag at the open today.
The FTSE 100 is expected to open four points lower at 7,426 while Germany's Dax is set to start up 22 points at 12,077 and the French Cac is seen opening up 12 points at 5,097, according to spreadbetters at IG.
Asian markets rose ever so slightly, following after Wall Street's gains last night.
Japan's Nikkei 225 rose 0.05 per cent while South Korea's Kospi slipped 0.07 per cent. Hong Kong's Hang Seng Index lifted 0.31 per cent while on the mainland the Shanghai Composite rose 0.57 per cent.
On Wall Street, markets closed higher after Donald Trump's administration appeared to be making progress on a long-awaited tax reform plan. The Dow Jones Industrial Average rose 0.25 per cent to close at 21,948.10.
Corporate news
- EMIS Group – the healthcare software and IT provider said revenue rose one per cent to £79.2m in its half-year earnings today
- Rio Tinto – the mining giant has officially sold its subsidiary Coal & Allied Industries to China's Yancoal for $2.69bn (£2.08bn), which beat out rival Glencore
- Hunting – the oilfield services firm said Dennis Proctor stepped down today as chief executive to be succeeded by Jim Johnson, as previously announced
Data
- 08:30 – Italy GDP (Q2)
- 08:30 – UK Markit manufacturing PMI (August)
- 12:30 – US non-farm payrolls (August)
- 13:45 – US Markit manufacturing PMI (August)
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