China’s yuan, which has plunged in the past two weeks on worries about the trade stand-off — sparking accusations Beijing is a currency manipulator — also bounced.
Coming up today
Analysts are expecting low-single-digit growth in Prudential’s results for the first half of the year. That’s not the main event — front and centre on Wednesday will be extra details on its plans to demerge its asset management operation (M&G Prudential) and its plans for Brexit.
Also reporting is builder Balfour Beatty, which has undergone a major restructuring in the wake of outsourcing giant Carillion’s sudden collapse. In March, the company announced it has increased profit despite a fall in revenue, and has said that it is aiming at “higher quality” work. Its shares have been feeling the pressure however.
Interim results: Admiral, Apax Global Alpha, Avast, Awilco Drilling, Balfour Beatty, CLS Holdings, Hochschild Mining, Lookers, Prudential, Riverstone Energy, Zeal Network
Economics: Inflation figures (UK), Sentiment, industrial production, employment and GDP (all Eurozone)