Today's top story: Brexit rebels force Prime Minister to change tack
Today's leader: PM loses another fight to Brexiter back bench
US investors largely ignored President Donald Trumps controversial meeting with Russian President Vladimir Putin last night, focusing instead on company results and oil prices.
The Dow closed up following a 33 per cent spike in profits at the Bank of America, but the S&P fell after oil prices slid more than four per cent yesterday.
Netflix had a bad night too after investors switched off the streaming service following a bad set of quarterly results, sending its share price plunging 14 per cent.
Asia markets have also fallen this morning as the drop in the price of oil bites.
Brent futures fell to a three-month low of $71.52 (£54) yesterday as Libya began exporting oil from its ports again and traders eyed potential increase of supply from big producers such as Saudi Arabia.
London Capital Group predicts the FTSE will open up three points higher at 7,603, Germanys Dax will open up three points higher at 12,558 and Frances Cac will open one point lower at 5,407.
Trumps European tour is over, but that does not mean the end of the political carnage.
Prime Minister Theresa May faces another tough day in Parliament with MPs voting on another Brexit amendment and on whether Parliament should break for the summer early or not.
Corporate news
- Gateley – the listed law firm is announcing its annual results today
- Royal Mail – has a trading update today
- Talk Talk – is providing investors with a trading update
