Today's top story:May warned over knee-jerk executive pay reform after Carillion collapse
Today's leader: The European Union stands to benefit from a City Brexit deal
To kick off the week, the government shutdown in the US enters its third day after Senate negotiators failed to reach agreement yesterday.
Many federal employees are now left in limbo with the Senate yet to provide government funding through to February.
The uncertainty has impacted financial markets in the US and Asian stocks, with MSCI's broadest index of Asia-Pacific shares outside Japan dipping 0.2 per cent, and Japan's Nikkei down 0.1 per cent.
The prospect of a drawn-out shutdown in the US could, analysts say, dampen investors' confidence in US assets.
Meanwhile, European markets are set for a mixed start to the week.
IG is expecting the FTSE to open down 15 points at 7,719, the German Dax down 26 points at 13,469 and the French Cac opening up 10 points at 5,532.
It followed a positive end to last week for the FTSE, which closed up, boosted by EasyJet and miners Randgold and Fresnillo, with strong metals prices providing a lift.
Corporate news
- Goals Soccer Centres – has a trading update this morning
- Revolution Bars – will be hoping it has plenty to toast in its trading update
- UBS – the bank will merge its two main wealth management businesses and has proposed a boosted dividend and new share buyback programme
- Credit Suisse – has named new chiefs of greater China and Asia Pacific investment banking and capital markets – Zeth Hung and Carsten Stoehr
Data
- 13:30 – US Chicago Fed national activity index
- 16:30 – US three-month and six-month bill auction
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CityAM
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