Business

Fast Europe Open: Germany industrial orders, UK house prices

Britain is pushing to remain under EU regulation for medicines after Brexit, the latest sign ministers want to stay close to Europe in some sectors despite the bloc warning the UK cannot “cherry-pick” parts of the single market.

The move follows calls for the UK’s chemicals and aviation industries to continue to be regulated by EU agencies, keeping them within Europe’s standards and safety regime and under the auspices of the European Court of Justice.

Three senior government figures have told the Financial Times that the UK hopes to be regulated by the European Medicines Agency, even as the body moves from London’s Canary Wharf to a new post-Brexit home in Amsterdam.

Trading got off to a cautious start in Asia on Monday as equities in Australia climbed 0.1 per cent but those in Hong Kong edged down 0.1 per cent while traders in Tokyo took the day off.

Futures tip both the FTSE 100 and S&P 500 to open 0.1 per cent higher.

The corporate calendar includes Micro Focus and World Pay. The economic calendar offers something for everyone (all times London):

07.00: Germany industrial orders
08.15: Switzerland consumer price index
08.30: Halifax UK house prices
09.30: eurozone Sentix index

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