Today's top story: London has been crowned the world's most popular city for work
Today's leader: The Tories can't afford to go to war with business
The price of Brent crude oil tumbled 1.5 per cent this morning, as traders shifted their business in line with an expected rise in output that was agreed last Friday at the Organization of the Petroleum Exporting Countries (OPEC) in Vienna.
Trade tensions between the US and China have notched up again, as the American Treasury Department said it plans to stop firms with at least 25 per cent Chinese ownership from buying US companies.
The FTSE is expected to open 0.63 per cent down today, at 7,634, while German blue chip index the Dax is expected to have slipped 0.69 per cent to 12,493. Similarly, France's Cac will open 0.7 per cent down at 5,350, according to IG.
The continuing trade dispute between China and the US has been affecting Asian shares too.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.25 per cent, while Japan's Nikkei had 0.4 per cent wiped off it.
Corporate news
- Carnival – the cruise company has results out this morning
- Standard Life Aberdeen – will hold its general meeting today, as will United Oil & Gas
- Uber -is kicking off its appeal to win back its London licence
Data
- 9.00 – Germany IFO Business Climate (June)
- 13.30 – USChicago Fed National Activity Index (May)
- 15.00 – US new home sales (May)
