1630: Close The FTSE beat a hasty retreat this afternoon erasing most of this morning's strong gains, tracking declines seen across the pond ahead of the Federal Reserve statement, which is expected to announce it will keep its monthly asset purchase programme unchanged. In today's UK news, Mark Carney, the Governor of the BoE, was quoted in a Welsh newspaper as saying that monetary policy will not be tightened until there is evidence of "real traction and momentum" in the recovery. Company wise, Next topped the leader board after it reported an increase in Q3 sales and upwardly revised its earnings forecasts for the full year. The FTSE 100 ultimately ended the session just three points higher at 6,777.70
1459: Shares of Marks & Spencer are doing well on reports of data from Kantar Worldpanel, the consumer research group, showing that the high street retailer's share of the clothing market held flat in the 24 weeks to the end of September.
1249: Iran's nuclear chief is reportedly denying claims of a temporary halt to uranium enrichment. FTSE 100 up 21 to 6,796.
1235: Everything seems to continue to be on track for those with a more medium-term view. Goldman Sachs has reportedly reiterated that it sees 10-year US bond yields rising to 3.25 per cent by the end of 2014.
1230: US consumer prices increased at a 0.2 per cent month-on-month pace in September, as expected. At the core level the price level edged higher by 0.1 per cent over the month, one tenth of a percentage point less than was forecast. FTSE 100 up 26 to 6,800.
1216: US non-farm private payrolls increased by 130,000 in October, according to private consultancy ADP, that is less than the 150,000 expected. The previous month's reading has been revised downwards, to show a gain of 145,000 instead of the preliminary estimate of 166,000. Jobs in financial activities decreased by 5,000.
0933: Shares of BP are continuing their recent surge higher. This is a stock which was mentioned several months back now by some fund managers to Sharecast as a possible stock worth following. It is now at technical resistance at around 486p after having shot up by almost 10 per cent in the last two sessions. Nevertheless, this is not an AIM stock, but rather more akin to a 90bn-pound-market-cap oil tanker, so it may pay to be careful (its RSI-14 is flashing significantly overbought readings), comment technical analysts at Digital Look. Even so, it could be worth keeping tabs on. FTSE 100 up 42 to 6,817.
0924: October consumer price data from the German Lander of Brandenburg, Hesse and Bavaria have all come in below forecasts, may be worth keeping an eye on.
0917: Analysts at SocGen have today upgraded their view on shares
of BP to buy from hold. Goldman Sachs has raised Petrofac to buy versus neutral.
0845: UK stocks have begun the session trading higher, led by gains in Next and Barclays. The former has raised its full-year EPS forecasts. US CPI and ADP employment report are on tap for later in the day, not to mention the FOMC policy statement. German unemployment data for the month of October is due out later in the session, at 09:55. Very strong gains were to be seen almost across the board in the equity space in the Asia-Pacific region overnight.