European markets have opened lower today, amid lingering uncertainty over how soon the US Federal Reserve would start to scale back its $85-billion-per-month stimulus programme. Meanwhile, investors also digested a raft of Japanese and Chinese data.

Closer home, a survey by the RICS revealed that UK house prices hit a 14-year high in November. Later, investors would keep a close eye on the release of UK trade balance, industrial production and manufacturing production data to gauge the strength in the nation’s economy.

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