1630:Close UK equities finished the day moderately lower ahead of tomorrow's result of the Fed's latest policy meeting. While the consensus expectation is for no change PIMCO's El-Erian puts the odds of a surprise start to tapering at between 50 per cent and 60 per cent. Consumer price inflation in the UK stood at 2.1 per cent in November, ONS revealed, a tenth of a percentage point below what the consensus had expected. Shares of RSA were at the top of the leaderboard, albeit still far below where they were standing just a few weeks ago. Quoted food retailers got smacked by the results of the latest Kantar survey data, which showed that they are trailing behind peers in what is turning out to be a weak run-up to Christmas. FTSE 100 down 36 to 6,486.
1400: The US posted a current account deficit of 94.8bn dollars in the third quarter, below the consensus of 100.2bn dollars. The second quarter deficit was revised to 96.6bn dollars from 98.9bn dollars. The deficit in goods and services rose modestly to 120.7bn dollars from 118.1bn dollars previously. It was however offset by a 4bn dollar
rise in the balance on income to 60.0bn dollars and a 0.4 dollar narrowing in net unilateral transfers to -34.1bn dollars.
1300: The US consumer price index (CPI) held steady in November, missing the consensus forecast for an increase of 0.1 per cent. It followed a 0.1 per cent decline in October. Overall consumer prices rose 1.2 per cent in the year ended in November after a one per cent year-over-year increase the prior month. The core CPI climbed 1.7 per cent from November 2012, matching the previous month's gain.
1100: Eurozone consumer prices fell 0.1 per cent on the month in November, increasing the annual inflation rate to 0.9 per cent from 0.7 per cent in October. The decline forced the ECB to cut rates to a new record low in November.
1030: Germany's economic confidence grew more than expected in December. The ZEW Institute's sentiment index rose to 62 this month from 54.6 in November, beating the forecast for a reading of 55.
0930: UK inflation grew by 2.1 per cent in November, down from 2.2 per cent in October, edging closer to the Bank of England's target of under but close to two percent.
0845: London equities have begun the day moving slightly lower ahead of the release of this morning´s readings on consumer and factory gate prices. Consensus expects CPI to have remained at 2.2 per cent in November, but there is room for some small surprises on either side. The US Federal Reserve´s latest policy meeting gets under way this afternoon, with the final policy announcement due out tomorrow. That might keep a lid on traders´ antics - at least for today. Governor Mark Carney will speak in front of the House of Lords Economics Affairs Committee at 15:30. FTSE 100 down 26 to 6,495.