RBNZ throws a curveball. Equities down on waning appetite. Pound is quiet before inflation data

RBNZ refusing to lower the interest rate, mounting violence in Hong Kong protests combined with Donald Trumps threat of substantial raise in tariffs if China refused to sign a partial trade deal gave cold feet to Asian stock markets.

US equity futures fell. FTSE (-0.58%) and DAX (-0.46%) futures hint at a negative start in Europe as well.

The pound consolidated near the 1.2850 against the US dollar, even though Nigel Farages stand down increased the probability of a Conservative victory in the forthcoming snap election [...] Due today, the headline British inflation is expected to have eased from 1.7% to 1.6% in October. A soft inflation read could revive the Bank of England (BoE) doves and increase the selling pressure on the pound following last weeks surprise dovish shift in the MPC.

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Opening calls

FTSE to open 32 points lower at 7333

DAX to open 66 points lower at 13218