Markets

What you need to know before the open

Today's top story: Poundworld collapse raises fears of worst year for retail since financial crisis

Today's leader: No more excuses, time for a proper Brexit plan

US President Donald Trump and North Korean leader Kim Jong-Un met in Singapore last night, which marks the first meeting between the leaders of the two countries, after years of threats from both sides.

The pair shook hands before proceeding to talks, and afterwards told reporters "the world will see major changes" and they had agreed "to leave the past behind".

Asian markets had been choppy today as the historic got underway amid hopes that it could lead the way to bringing an end to the nuclear stand-off on the Korean peninsula. Japan's Nikkei pared early gains to add 0.5 per cent, while MSCI's broadest index of Asia-Pacific shares outside Japan swayed between positive and negative territory.

Over in Europe, the FTSE is expected to open up 13 points to start the day at 7,750, according to London Capital Group. The German Dax is expected to open 51 points higher at 12,893, while the French Cac is set to start the day 18 points higher at 5,491.

Corporate news

  • Crest Nicholson – will hope it has been laying the foundations for good results today
  • Boohoo – the online retailer has a trading announcement out today
  • Ted Baker – the fashion will hold its annual general meeting today as well as releasing a trading announcement

Data

  • 9.30 Average earnings excluding bonus (UK)
  • 9.30 ILO unemployment rate (UK)
  • 13.30Consumer price index excluding food and energy (US)

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