Listen to this article
Market movements in Asia were timid on Thursday following a mid-week sell off as London remains on alert following a terror attack on Westminster yesterday.
Police have yet to name the knife wielding assailant who ploughed through pedestrians on Westminster Bridge and attacked police outside the Houses of Parliament, killing four people. However, they have said they “think we know” the attacker’s identity.
In Asia Pacific equities, Australia’s S&P/ASX 200 showed the strongest recovery among major regional markets, rebounding from its biggest fall on Wednesday since the US election to close up 0.4 per cent. Japan’s Topix index and Hong Kong’s Hang Seng were flat, while China’s Shanghai and Shenzhen benchmarks were down 0.4 per cent and 0.5 per cent. respectively.
Futures tip the FTSE 100 to open up 0.1 per cent in London while the S&P 500 is expected to rise 0.1 per cent at the open in New York.
Corporate earnings reports out today include Next and Telecom Italia.
The economic calendar for Thursday is as follows (all times London):
- 07.00: Germany GFK consumer confidence
- 07.45: France business and manufacturing confidence
- 09.15: BoE governor Ben Broadbent speaks in London
- 11.00: UK CBI retail sales
- 14.45: ECB’s Sabine Lautenschlaeger speaks in Vienna
- 17.00: SNB’s Andrea Maechler speaks in Zurich