A diagnosis of Ebola in New York sent US stock futures down yesterday as investors turned to safe-haven assets. That sentiment is likely to spread to Europe sending markets down this morning.
It will temper gains made this week after better than expected German manufacturing data and indications from the European Central Bank that further measures to address a sluggish economy can be expected.
The UK's GDP estimates due out this morning are expected to come in at 0.7 per cent, a slight slowdown from the previous quarter's 0.9 per cent due to the cooling effect of Europe.
TSB profits fell 14 per cent to £33.1m in the third quarter as operating cost increased, while revenue jumped 18 per cent to £199m.
Pearson is losing its long-serving finance man Robin Freestone. He will depart by the end of 2015 after 10 years with the Penguin Random House and Financial Times owner. Pearson is also on track for full year earnings with sales up one per cent for the first nine months of the year as the firm ploughs on with restructuring.
Pets at Home revenue is up 10.2 per cent to £381.5m for the first half of the year and like-for-like sales grew 4.2 per cent.
Amazon posted worse than expected third quarter results showing a $437m loss which wiped 10 per cent from the online retailer's share price.
Microsoft on the other hand, reported higher than expected quarterly revenue of $23.2bn, up 25 per cent on the same period last year.
Data in focus
- 09.30am: UK GDP estimates
- 11.00am: Eurozone inflation