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

Shares 218

It's the week of the Scottish independence referendum and, with the added excitement of a monetary policy meeting at the Federal Reserve, European markets are expected to open down.

Although a hike is not expected yet, all eyes will be on Wednesday's interest rate decision and monetary policy statement.

The close nature of the independence referendum in Scotland has caused some upheaval, with many investors selling shares in Scottish companies.

According to IG, the FTSE is expected to open 31 points lower at 6,785, the German Dax 69 points down at 9,582 and the French CAC 26 points lower at 4,415.

Corporate news

Spirent Communications, a mobile telecommunications company, has announced the acquisition of Mobilethink and its wholly owned subsidiary, Tweakker ApS,  for  $20m. 

Galliford Try, a housebuilding and construction group, has announced a contract to build over 1,100 homes at Silvertown Way in Canning Town, East London. The project has an approximate gross development value of £360m. 

Monitise, Avanti communications  and City of London Investment Group are expected to post full-year results shortly. 

Data in focus

  • 10:00am Eurozone July trade balance
  • 2:15pm US August industrial production 
 
Shares 218

Get this in your inbox

Before the Open is updated daily, providing only the essential information on the day’s key shares, stocks and corporate news.

Sign up here to get the City A.M. Before the Open direct to your inbox every weekday at 7.30am UK time.

Show Comments (2)

In Other News