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

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It was a disappointing day for European markets yesterday as underwhelming Eurozone manufacturing and services data dragged down indices across the continent.
 
Overnight the big news was Ukip’s win in the Rochester and strood by-election, where Conservative defector Mark Reckless won the Eurosceptic party’s second seat in Westminster.
 
Manufacturing data across Europe is weighing on the markets, with France’s performance particularly weak. The Eurozone’s second-biggest economy reported a composite PMI score - a measure of its manufacturing and services sectors - of 48.4, below the 50 point threshold that indicates growth. Germany’s figures were better - 52.1 - but growth had slowed from 53.9. 

Corporate news

Rolls Royce has won a $5bn order for trent engines from Delta Air Lines. The engines will be used to power 50 new aircraft. 
 
Data in focus
  • 08.00am, Eurozone, ECB president Mario Draghi’s speech
  • 9.30am, UK, October, public sector net borrowing

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