Today's top story: Nicky Morgan: Theresa May must plan for her exit
Last night, Prime Minister Theresa May appealed to European leaders to break a deadlock in Brexit talks, which have come to a standstill over the so-called divorce bill.
However, EU leaders are expected to today say there has not been enough progress to move onto the next phase of negotiations.
European markets are expected to start the day higher. The FTSE is set to open 30 points up at 7,552, while Germany's Dax is expected to start 58 points higher at 13,047 and the French Cac is seen up 22 points at 5,390, according to IG.
Asian stocks were boosted by the US Senate's approval of a budget blueprint late last night. MSCI's broadest index of Asia-Pacific shares outside Japan, was up 0.3 per cent, but a smidgen down for the week after it broke through a 10-year high on Tuesday. Japan's Nikkei rose 0.1 per cent, on track for a weekly gain of 1.5 per cent.
On Wall Street, US stock markets were flat last night after Apple's shares dipped more than two per cent.
- InterContinental Hotels – the British-based hotel firm will publish a trading statement
- Daimler – the German carmaker will report quarterly figures
- Nissan – the Japanese carmaker said it would suspend domestic production amid an inspection scandal, causing shares to fall
- 08:30 – UK public sector net borrowing (September)
- 14:00 – US existing home sales (September)
- 17:00 – US Baker Hughes oil rig count