The US Federal Reserve is expected to keep its monetary policy unchanged when it unveils the outcome of its two-day meeting on Wednesday.
The central bank, which began the meeting on Tuesday, is widely tipped to maintain its $85bn in monthly asset purchases and hold the interest rate at 0.25%.
A government shutdown earlier this month took at least $24bn out of the economy, prompting economists to revise their forecasts for a tapering of stimulus.
"US policymakers meet today and tomorrow and the majority of economists surveyed so far believe that the Fed will resist tapering until March 2014 earliest," said Spreadex Trader Max Cohen.
Acting as a backdrop is the release of inflation figures for September on Wednesday. The consumer price index (CPI) is expected to fall to 1.2% year-on-year last month from 1.5% in August.
In Germany, the CPI for October is tipped to remain unchanged at 1.4% year-on-year.
The earnings session early on will including results from Standard Life and Advanced Computer Software Group.
Wednesday October 30th
Advanced Computer Software Group, C&C Group
INTERIM DIVIDEND PAYMENT DATE
Amiad Water Systems Ltd, Ashley (Laura) Holding
INTERIM EX-DIVIDEND DATE
APR Energy, BlackRock Smaller Companies Trust, Blackstar Group SE (DI), Bloomsbury Publishing, Booker Group, Development Securities, Energy Technique, Hilton Food Group, ITV, Lombard Risk Management, Lookers, M&C Saatchi, Moss Bros Group, Provident Financial
QUARTERLY PAYMENT DATE
Dow Chemical Co
QUARTERLY EX-DIVIDEND DATE
JPMorgan Claverhouse Inv Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Climate Indicator (EU) (10:00)
US ADP employment report (12:15)
Consumer Price Index (US) (12:30)
Crude Oil Inventories (US) (14:30)
Economic Sentiment Indicator (EU) (10:00)
FOMC Interest Rate (US) (16:15)
GDP (Advance) (US) (12:30)
MBA Mortgage Applications (US) (11:00)
PMI Retail (EU) (09:00)
PMI Retail (GER) (08:55)
Unemployment Rate (GER) (08:55)
Speech ECBs Constancio (EZ)(08:05)
Speech ECB's Asmussen (EZ) (19:00)
First Quantum Minerals Ltd., Hrvatske Telekom D.D GDR (Reg S), Ooredoo Q.S.C. GDR (Reg S), Volkswagen AG
Sula Iron & Gold
SPECIAL EX-DIVIDEND PAYMENT DATE
Aberdeen Asian Smaller Companies Inv Trust, Fresnillo
Emblaze Ltd., OJSC Megafon GDR (Reg S)
Ashmore Group, Downing Absolute Income VCT 1, Downing Absolute Income VCT 1 'C' Shares , Greatland Gold, Hermes Pacific Investments
FINAL DIVIDEND PAYMENT DATE
Alumasc Group, Haynes Publishing Group, Produce Investment
FINAL EX-DIVIDEND DATE
Aberdeen Asian Smaller Companies Inv Trust, AIREA, Avingtrans, BlackRock Greater Europe Inv Trust, El Oro Ltd, Go-Ahead Group, IndigoVision Group, Plexus Holdings, Ricardo, Sabien Technology Group