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

Rebecca Smith

Today's top story: Square Mile celebrates a pay boost

Today's leader: We must now resume our democratic process

A minute's silence will be held across the UK today at 11am to remember the victims from Monday night's terror attack at Manchester Arena.

Leaders of the UK's main political parties have said they will start to resume campaigning this afternoon, marking a gradual return to activity with nationwide campaigning starting tomorrow.

Looking over at Asian markets, they traded higher today after feeling emboldened by Wall Street. US stocks rose after the Federal Reserve signalled a cautious approach to future rate hikes, without ruling out one next month.

Japan's Nikkei crept up 0.4 per cent, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7 per cent, its highest level since June 2015. Mainland China shares also bounced back from Moody's downgrade of its rating of China, which also dragged down miners yesterday.

In Europe, markets are set to open higher, with LGC expecting the FTSE to open up 15 points to 7,530, the Dax racing up 33 points to 12,675 and the French Cac up 14 points at 5,355.

Corporate news​

  • Mitie – is building up for today's full-year results
  • Pets at Home – hopes it won't be in the dog house with its final results today
  • Tate & Lyle – will also be wanting to keep investors sweet with results
  • Wizz Air – is another firm with its full-year results out today
  • Daily Mail and General Trust – has interims, while Card Factory has a trading update
  • Ansell – has wrapped up a deal to sell its condom business to Citic Capital China Partners for $600m

Data​​

  • 08:30 – UK GDP (first quarter)
  • 09:30 – UK total business investment (first quarter)
  • 12:30 – US initial jobless claims

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