The FTSE 100 dipped by 0.1%, ahead of the eurozone inflation data, due at 1000 GMT. The European Central Bank (ECB) is mulling over a potential interest rate cut at its December 12 meeting. There's a hopeful faction quietly crossing their fingers for a gentle dip in price trends. Their dream? A generous double rate cut of 50 basis points from the European Central Bank next month. Alas, reality has a way of dampening such dreams. Fresh off the press, German inflation data revealed a slight uptick, suggesting that a more modest 25 basis point cut is the likely scenario.

Meanwhile, across the border, French debt felt a bit of relief yesterday. This comes as political wrangling continues in a bid to keep the Barnier government afloat. Adding to the suspense, S&P is set to release its verdict on France's financial robustness after the markets close today. While the "AA-" rating is expected to remain intact, the outlook might take a gloomy turn from "stable" to "negative." Stay tuned for the next chapter in this financial saga.

In corporate news, Baillie Gifford UK Growth Trust reported an 8.1% net asset value per share total return for the six months ending October 31. UK brokerage Peel Hunt returned to profit with a 26% turnover increase to £53.8 million, fueled by IPOs and M&A fees. TI Fluid Systems has accepted a £1 billion takeover by Canada's ABC Technologies.

Chinese stocks rallied on speculation that Beijing might lower the reserve requirement ratio (RRR) for banks, potentially spurring lending and economic growth. This rumor, reported by state media, suggests government support for easing monetary policy. Additionally, China has extended duty-free access to certain US imports, hinting at a possible easing of trade tensions. 

Things to read today: