Quiet on FX front

The main currency pairs are largely unchanged this morning, with the euro trading at around $1.0250 and 86.5p against the dollar and sterling respectively and the latter hovering just above $1.18 against the US currency

In government bond markets, US and German 10-year yields are steady at 3.80% and 2.0% at the start of play today while equivalent UK yields have nudged down to under 3.20%

Equity markets started off the week on a soft note as European and US stocks both shed around half a percent yesterday

Oil prices have been drifting down again recently with Brent crude currently trading at around $88 per barrel, around $10 lower than at the start of November

ECB’s Philip Lane says the central bank will raise interest rates again in December but signals a 50 basis points hike is more likely than a 75 basis points move

Data due today includes consumer confidence in the Euro area, while the OECD publishes its latest Economic Outlook