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There is potentially good news for young Europeans planning to work in the UK after Brexit as ministers are said to be considering special visas for low-skilled workers, but anyone planning an escape to Australia’s warmer climes will have fewer options after the country’s prime minister scrapped its skilled worker scheme.

Australia’s 457 visas, which are akin to the US’s H-1B visas are to be scrapped and replaced with a new temporary visa to “better target genuine skill shortages. Meanwhile, President Donald Trump is expected to order a crackdown on the controversial H-1B visa programme as early as today.

Markets in Asia were mixed on Tuesday and Hong Kong and Australia returned from the Easter break. Australia’s S&P ASX 200 fell 1 per cent weighed down by energy and materials stocks, while Hong Kong’s Hang Seng index slipped 0.1 per cent. Japan’s Topix index was up 0.4 per cent. China’s Shanghai Composite was down 0.1 per cent while the Shenzhen Composite rose 0.3 per cent.

Futures tip the FTSE 100 to open down 0.1 per cent, while on Wall Street, the S&P 500 is tipped to open flat.

The economic calendar is easing itself into the week (all times London).

  • 09.00: Denmark PPI
  • 09.00: Austria CPI

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