1630: Close The FTSE settled 23 points lower today, dragged downwards by Tesco and Kingfisher, while utility stocks served to limit losses somewhat. In today's macro news, UK construction sector growth eased in September from the previous month's six-year high, while PM David Cameron declared that his party will help build a 'land of opportunity for all'. Across the water, ECB President Mario Draghi today said the Eurozone's recovery remains weak after the monetary authority announced it would maintain interest rates at 0.5 per cent. In Italy, PM Enrico Letta won a confidence vote following a U-turn by former PM Berlusconi. The FTSE closed at 6,437.50.
1413: Prime Minister David Cameron has declared that his party will help build a 'land of opportunity for all', in his closing speech at the Conservative conference on Wednesday. Announcing that the economy was finally "turning the corner", he promised voters that "if you put the effort in you'll have the chance to make it". Dismissing the Labour party as the "land of despair", he assured his audience that "land of hope is Tory".
1400: Liquidity provision should not be a substitute for a lack of capital, Draghi states, adding that nobody wants a liquidity accident between now and the recovery.
1330: ECB's Draghi says they are ready to consider all available instruments for money markets.
1315: Private payrolls rose by 166,000 in September (Consensus: 180,000), versus a gain of 159,000 in the month before, which was revised down from an initial print of 176,000, according to private firm ADP. Several Fed speakers are also expected out today. It will be interesting to watch and see if they make any comments as regards the current budget talks on Capitol Hill. FTSE 100 down 45 to 6,415.
1245: The European Central Bank has decided to maintain its main policy rate unchanged at 0.50 per cent, as expected.
1234: Silvio Berlusconi has announced his intention to vote in favour of supporting Prime Minister Letta's government.
1145: The FTSE 100 is suffering steep losses this morning as buyers show caution ahead of a policy decision in Europe, whilst political uncertainty in the US and Italy continue to erode risk appetite.
1045: Thousands of older customers will be hit with an increase in their energy bills, it has been announced, after E.on has said it will end its fixed-price StayWarm scheme for the over 60s. The move was the result of new regulations which prevent energy firms from offering more than a certain number of tariffs. In other news, Thames Water has been voted the UK's worst company for dealing with customer complains, according to an official report.
0945: Shares of Barclays have been upgraded to a buy by analysts at Societe Generale.
0930: The UK construction sector purchasing managers' index for the month of September has come in at 58.9 points versus 59.1 in the month before (Consensus: 59.5).
0900: Italian Prime Minister Enrico Letta has called for a formal no-confidence vote to be held. Italian stocks are outperforming their European peers this morning by a wide margin as a result. The vote is expected to take place later this afternoon.
0834: London markets have begun the session moving moderately lower. That follows the issuance of a letter from the secretary of the US Treasury, Jack Lew, to House Republican leader John Boehner, to the effect that there are "no other legal and prudent options to extend the nation's borrowing authority" past October 17th. It is against that backdrop that investors will be focusing on today's European Central bank (ECB) policy meeting. No less relevant will be today's parliamentary hearings in the Italian parliament. Some market participants are apparently turning quite optimistic on the country's prospects on the possibility that Silvio Berlusconi could - in effect - lose control of his political party. Tesco is doing worst on the benchmark at the moment following the release of its half-year results. Several Fed speakers are scheduled to speak later in the day. FTSE 100 down 52 to 6,408.