Southern European leaders from six countries are meeting today in Madrid to discuss Britain’s negotiations to leave the EU and the likely effects of its departure. Previous meetings by the group have sought to form a common view on pressing issues in a bid to create a counter to countries in northern Europe.
Markets in Asia were largely clawing back losses from Friday following the US missile strike against Syria. In Australia the S&P/ASX 200 was up 0.6 per cent while in Japan the Topix index also gained 0.6 per cent. Hong Kong’s Hang Seng index was flat while Chinese markets dipped, with the Shanghai and Shenzhen composites slipping 0.3 per cent and 0.6 per cent respectively.
South Korea’s Kospi is on track for its biggest one-day fall in a month amid geopolitical uncertainty in the region, with the won heading for a fifth day of declines in a row. The Kospi is down 1 per cent.
Futures tip the FTSE 100 to open up 0.2 per cent and the S&P 500 is expected to open up by the same amount.
The economic calendar is as follows (all London times):
- 08.00: Denmark consumer price inflation
- 08.00: Turkey industrial production
- 08.00: Czech Republic consumer price inflation
- 09.00: Italy industrial production
- 14.00: ECB vice-president Vitor Constancio speaks in Brussels