Before the open: FTSE down as markets wait for Fed stimulus meeting

With a number of key events this week, the market looks to open with some caution today.

The FTSE is expected down this morning, with calls of -15.

Closing the Monday gaps from Friday closes, European markets look set for slightly lower opens this morning.

The UK's latest inflation numbers are expected to show a fall in the consumer price index from 2.8 per cent to 2.7 per cent.

US and UK borrowing costs have fallen back from the three per cent level, the chances of Fed tapering building some confidence in the markets.

Key events:

  • UK August inflation at 09.30
  • German September ZEW survey data at 10.00. Economic sentiment expected up from 42 to 46
  • US August inflation at 13.30. Consumer price index expected flat at 0.2 per cent