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

Rebecca Smith

Today's leader: University must not be the only show in town

Catalan police said today that the situation in Cambrils is under control, after they killed five people to stop a second attempted van attack, after yesterday's Las Ramblas attack where 13 were killed and a hundred injured.

The tragic events have also shaken market confidence, and Asian stock investors joined a global retreat from riskier assets today, while the dollar was hit by rising doubts about President Trump's ability to deliver his economic agenda. It comes as the US President abandoned plans for an advisory council on infrastructure, after two other business councils were disbanded.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.5 per cent, though it has finished the weekly more strongly after the US tensions with North Korea dropped back from centre stage. Meanwhile, Japan's Nikkei dropped 1.2 per cent on global jitters.

European markets are also set to open lower today. It looks like a quiet end to the week for the FTSE, which is predicted to open down 48 points at 7,353 and the Dax which is expected to drop 52 points to open at 12,140. The Cac is expected to have the steepest fall on opening, down 59 points at 5,116, according to IG.

Corporate news​

  • AT&T – the firm's takeover of Time Warner is drawing closer as the government review has reached an advanced stage
  • Infosys – the boss of the IT services giant has resigned, sending shares down seven per cent
  • Uber – former boss Travis Kalanick says investor Benchmark Capital's lawsuit against him is a "public and personal attack" without merit
  • Gap – the retailer's shares were given a boost in extended trading after it posted second quarter results that topped expectations


  • 07:00 – German producer price index (July)
  • 13:30 – Canada's consumer price index (July)
  • 18:00 – US Baker Hughes oil rig count

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