Markets are likely to keep a close eye on Italy today, which was struck by an earthquake and aftershocks in the early hours of the European morning.

The quakes struck in Umbria in central Italy.

The euro subsequently sold off and was sitting 0.1 per cent weaker at $1.1299 in midday trade in Asia. It had been up as much as 0.1 per cent before news of the earthquakes broke.

Popular havens saw a mixed performance. The US dollar index was up by 0.1 per cent, while the yen was weaker by as much and gold was flat at $1,338 an ounce. However, dollar strength may have more to do with monetary policy expectations, with strong US new home sales data propping up the chances of the Federal Reserve lifting interest rates in September.

At lunchtime the Hang Seng was down 0.7 per cent, Japan’s broad Topix was up 0.7 per cent and the S&P/ASX 200 was 0.2 per cent stronger. The Shanghai Composite was flat and the Shenzhen Composite was up 0.4 per cent.

IG is calling European bourses to open as follows:

  • The FTSE is set to open 20 points lower at 6848
  • The CAC is set to open 11 points lower at 4410
  • The DAX is set to open 8 points lower at 10585

Here are today’s earnings and economic (all times GMT):


  • 07:00 Glencore
  • 07:00 WPP
  • 07:00 Paddy Power Betfair
  • 07:00 Carillion
  • 07:00 Hikma Pharmaceuticals


  • 07:00 Germany GDP (second reading)
  • 09:00 South Africa inflation
  • 09:30 BBA loans for house purchase
  • 17:00 France jobseeker numbers

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