Schroders Plc lost 3.8 percent after Canaccord Genuity Ltd. cut its rating on the money manager after it reported third-quarter results. Randgold Resources Ltd. (RRS) rallied 7.3 percent after reporting quarterly profit that beat analysts’ estimates. Tate & Lyle Plc (TATE) added 1 percent posting better-than-projected first-half revenue.
The FTSE 100 Index (UKX) slipped 11.39 points, or 0.2 percent, to 6,730.3 at 9:03 a.m. in London. The gauge rallied 4.2 percent in October as U.S. lawmakers ended a fiscal dispute and reached a deal to reopen a partially shut-down government. The broader FTSE All-Share Index fell 0.1 percent today, while Ireland’s ISEQ Index slid 0.2 percent.
The ECB will announce its interest-rate decision at 1:45 p.m. in Frankfurt and President Mario Draghi will address a press conference 45 minutes later. Three of 70 economist estimates compiled by Bloomberg forecast the central bank will cut its benchmark interest rate to 0.25 percent from 0.5 percent. In a separate survey, eight of 38 economists called for interest rates to be lowered in December.
At noon in London, the Bank of England will probably say it is maintaining its key interest rate at 0.5 percent and its target for the stock of asset purchases 375 billion pounds ($600 billion), according to the median forecast in another survey.
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