The ECB Survey of Professional Forecasters cut their Eurozone 2014 GDP estimate to +0.8% from +1.0% in Aug and lowered their 2014 inflation forecast to +0.5% from +0.7% in Aug.

European stocks fell even after Eurozone Oct economic confidence unexpectedly rose and after German Oct unemployment unexpectedly declined.

December E-mini S&Ps (ESZ14 +0.14%) this morning are down -0.01% and European stocks are down -0.39% ahead of the outcome of today's ECB meeting and the press conference by ECB President Draghi soon after.

September E-mini S&Ps (ESU14 -0.59%) this morning are down -0.56% and European stocks are down -0.86%, both at 1-1/2 week lows, as company earnings results disappointed.

Wash sales have reached scandalous proportions in today’s markets. The response from regulators? Gut the rules that make it a crime.

Gold investors who expected the Indian budget announced on July 10 to include more growth-oriented policies were disappointed when the newly elected government decided to keep the import duty on gold and silver unchanged at 10%.