Markets

What you need to know before the open

Today's top story:Mario Draghi calls for end to clearing dispute before Brexit

Today's leader:No wonder the pound is rising – 2018 is set to be the year of the hawk

European markets are set to open higher today following another rally on Wall Street last night.

The UK's FTSE is expected to open 26 points higher at 7,315, while the German Dax is set to start 55 points higher at 12,582 and France's Cac is seen opening 20 points up at 5,364, according to London Capital Group.

Elsewhere, Asian markets were mostly higher as the US dollar edged lower. Japan's Nikkei rose more than one per cent as the technology, financial and manufacturing sectors traded in the green. Hong Kong's Hang Seng index and South Korea's Kospi both edged higher, but the Shanghai composite fell more than one per cent.

US stock markets rose for a third session in a row last night with the Dow Jones Industrial Average closing nearly 400 points higher while the S&P 500 and the Nasdaq both rose more than one per cent.

Corporate news

Data

  • 10:00 – Eurozone consumer confidence
  • 13:30 – Federal Reserve chair Jerome Powell to appear before US Congress
  • 21:30 – API weekly crude oil stocks

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