The end to quantitative easing in the US led to a rollercoaster day for European shares on Thursday, which ended with the markets slightly up.
On the other side of the world, the Bank of Japan unexpectedly expanded its monetary easing programme, leading the Yen to its weakest rate against the US dollar since 2008.
The programme will predominantly focus on the purchase of long-term Japanese government bonds.
Russia and Ukraine reached a deal over gas exports, meaning Europe has averted a possible energy crisis. This is likely to give heart to investors.
Eurozone inflation data for October could spook the markets, especially if it doesn’t manage the 0.1 percentage point rise that analysts are expecting.
RBS has seen a huge jump in profit before tax, raising the possibility that the government’s 25 per cent share in the bank could be sold sooner than expected.
Profit before tax came in at almost £1.3bn, up from £1bn in quarter two and a loss of £634m for the third quarter last year.
Data in focus
10:00, EZ, October, CPI inflation