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Shares, stocks and corporate news: What you need to know before the open

Courtney Goldsmith
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Today's top story: Top bankers from Goldman Sachs and JP Morgan touch down in Davos for Brexit showdown

Today's leader: A light touch is needed for workers on boards

US Federal Reserve chair Janet Yellen yesterday said gradually increasing interest rates "makes sense" as the economy reaches full employment and inflation "inches back" to two per cent. European markets are seen opening higher today as investors take in her remarks and wait to hear from European Central Bank President Mario Draghi.

The FTSE 100 is set to open seven points higher today after closing 0.38 per cent higher at 7,247.61 yesterday, according to spreadbetters.

The German Dax is expected to open 18 points up at 11,608, while the French Cac is seen six points higher at 4,854.

Elsewhere in the world, Japan's Nikkei share average rebounded from a six-week low, Reuters said. The Nikkei share average rose 0.9 per cent to 19,072.25 after hitting an intraday low of 18,650.33 on Wednesday - its weakest level since early December.

Corporate news‚Äč

Data

  • 24h: World Economic Forum – Davos
  • 12:45: ECB Interest Rate Decision
  • 13:30: ECB Monetary Policy Statement
  • 13:30: US Housing Starts and Building Permits (December)
  • 13:30: US Initial Jobless Claims
  • 16:00: EIA Crude Oil Stocks Change

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