What you need to know before the open
15 May 2014 7:46am
A less positive open is expected today, as investors digest the EU inflation and growth numbers due out today.
So far, numbers have shown a shock flatlining of French growth in the first quarter, as the stuttering economy saw household consumption drop.
It’s a different story in Germany, however, where warmer weather saw the powerhouse economy strengthen on more spending.
Concern over both the EU recovery and what’s going on the other side of the pond - with this week’s April retail sales poor - continue to hold markets back. Upside progress is also being kept in check by Ukraine fears.
Carphone Warehouse and Dixons have confirmed a £3.7bn merger, with shareholders of each company expected to hold a stake of 50 per cent in the new “Dixons Carphone”.
And Walkie Talkie tower owner Land Securities has more than doubles its profits, to £1.1bn, saying a roaring London market means its speculative strategy is paying off.
The London Stock Exchange has reported a 50 per cent rise in revenues, to almost £1.1bn, following its purchase of the clearing house LCH.Clearnet.
Data in focus
- 9.00am: EU ECB monthly report
- 10.00am: EU April inflation
- 10.00am: EU first quarter GDP
- 10.00am: UK March CB leading economic index
- 1.30pm: US April inflation
- 1.30pm: US initial jobless claims
- 1.30pm: US May Empire State manufacturing index
- 2.00pm: US March total net TIC flows
- 2.15pm: US April industrial production
- 3.00pm: US May NAHB housing market index
In other news
British students with ambitions to be the next Paul Krugman should be setting their sights on obtaining a degree [Read more]
June 5 will be the next crunch point in the Greek debt talks. [Read more]
The customer is king when it comes to winning amid an increasingly competitive retail landscape. [Read more]
Top tourist attraction Madame Tussauds Marylebone site has been snapped up by a Taiwanese insurer in a multi-million [Read more]
The Chinese city of Guangzhou may have banned Uber, but that hasn’t stopped its municipal government setting [Read more]
Labour has performed a balletic U-turn this morning, abandoning its opposition to EU membership referendum. [Read more]
Greece’s interior minister has said that the country cannot afford its 5 June payment to the International Monetary [Read more]
Young people aged 16 and 17 years old should be given the chance to vote in a EU referendum, according to the [Read more]
The Bank of England is carrying out a confidential investigation into what would happen if the UK left the European [Read more]
This year's Eurovision Song Contest will feature an addition to the normal line up – for the first time ever, [Read more]
Tonight is the 60th Eurovision Song Contest, and once again we're in for an evening of cheesy music and crazy [Read more]
The Eurovision Song Contest is getting more and more expensive, despite Europe's decline into austerity. [Read more]
There were delays of up to 30 minutes to trains in and out of Kings Cross Station, after the station was re-opened [Read more]
When a 20-year-old footballer publicly declares he wants to leave a club and his agent hurls insults at one of [Read more]
The outbreak of bird flu in the US is leading to an unprecedented situation for companies reliant on eggs – [Read more]
Germany's finance ministry has denied reports it was considering offering Greece its own parallel currency. [Read more]
Chancellor George Osborne was given a boost today, as higher tax receipts helped shrink the deficit by more than [Read more]
Beleaguered spread-betting firm Plus500 today suspended trading in its shares on London's junior market, following [Read more]
The news that card and electronic transactions have overtaken cash as the UK’s preferred method of payment is [Read more]
Despite the crippling effect of election uncertainty, offers received in April were up 15 per cent on last year [Read more]