1630: Close The FTSE 100 ended today's session firmly in the red, tracking losses on US markets as the crisis over the debt ceiling continued into its second week. Retailers were among the worst performers of the day after data showed that UK retail sales growth slowed for the second straight month in September. In other UK economic news, banks were beginning to reveal details on new mortgages as part of the government's extended Help to Buy scheme, employers hired more permanent staff in September and salaries reached a near six-year high, while the RICS house price balance continued to rise in September, to the 54.0 point mark from 41.0 in the month before. The FTSE closed down 71.45 points at 6,365.83.
1432: The International Monetary Fund (IMF) says that a default in the US could seriously damage the world economy. FTSE 100 down 53 to 6,385.
1150:Liberal Democrat leader Nick Clegg has accused Prime Minister David Cameron of "playing with fire" over his plans to reform Britain's relations with the European Union (EU). The Deputy Prime Minister said it would be "economic suicide" for Britain to leave the EU and slammed Cameron's proposed referendum as a "short sighted political calculation". In January Cameron vowed to negotiate a new EU deal for Britain and hold an "in-out" referendum on EU membership by the end of 2017. The issue has divided the coalition and impinged on Cameron's chances of re-election in 2015.
1040:German factory orders declined in August by 0.3 per cent from July when they dropped a revised 1.9 per cent, the Economy Ministry said. Economists had pencilled in a 1.1 per cent increase. The report backed supported the European Central Bank's view that economic recovery in the euro area is fragile.
0930:German exports rose slightly in August to widen the trade surplus, according to data from the Federal Statistics Office. Seasonally-adjusted exports gained 1.0 per cent on the month, while imports were up 0.4 per cent. The trade balance - the difference between the monetary value of exports and imports - came to 13.1bn euros, down from the previous month's 16.2bn euros and the consensus of 15bn euros.
0845: UK stocks have begun the day under some slight selling pressure, tracking overnight losses on Wall Street, although Asian bourses did put in a good showing. Naturally, the debt stand-off Stateside continues to be the centre of market attention. Shares of Melrose Industries and ITV are in the lead early on. Perhaps to be had in account is a report in today´s FT regarding Vodafone´s preparations to invest an initial 2bn dollars to buy some of the minority sharehodlers of its Indian subsidiary. Panmure Gordon has upped its view on Taylor Wimpey´s stock to hold versus sell. The HSBC China composite purchasing managers index (PMI) for the month of September has come in at 51.2, down slightly from the reading of 51.8 seen in August. Closer to home, the RICS house price balance continued to rise in September, to the 54.0 point mark from 41.0 in the month before. FTSE 100 down 14 to 6,424.