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11am: UK CBI Sales Trends & Nokia FY 2011 results

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Italy Consumer Confidences (Jan) flat at 91.6 vs 92.0 est (prev 91.6)

Italy Consumer Confidences (Jan) flat at 91.6 vs 92.0 est (prev 91.6)

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UK 100 CLOSES -30 POINTS THIS AFTERNOON

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US Pending Home Sales…

US Pending Home Sales (Dec): -3.5% MoM vs -0.3% est (prev 7.3%); 5.6% YoY vs 6.9% prev

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US Weekly EIA #Crude Stocks: +3.6m barrels vs +1.5m est (prev -3.4m)

US Weekly EIA #Crude Stocks: +3.6m barrels vs +1.5m est (prev -3.4m)

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UK 100 focus show UK flagship index in tight range

UK 100  focus show UK flagship index in tight range, with Oct highs as major hurdle . If consolidation persists in 5600/5720/5790 range, end-of month Euro summit could prove pivotal – throwing either a spanner in the works or fuel on the fire.

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