Market overview: China-exposed shares advance, Travis Perkins does best

1630:Close Shares pushed higher buoyed by better than expected manufacturing data out of the euro area and a somewhat unexpected interest rate cut in China. Travis Perkins was at the top of the leaderboard following the builder's lartest quarterly figures. China exposed issues such as Burberry and Aberdeen Asset Management also did well. Pearson was tripped up by a downgrade from Exane BNP while Royal Dutch Shell and BG Group were dragged lower by falling crude prices. FTSE 100 up 67.80 to 6,444.08.

1539: Commenting on the PBoC's decision, Goldman Sachs says: "These moves come after clear signs of weakness in the economy in recent months. Amid continued capital outflow and falling CPI inflation, we believe these cuts may be necessary to prevent a tightening of financial conditions. The abolishment of the deposit rate ceiling is a major step in interest rate liberalization. This move is also important as it sends a clear message that reform is not being halted despite economic and market turbulence in recent months, in our view."

1429: "Strong ECB easing in December also limits the chances the Fed will hike at the same time, pushing a lift-off further into 2016. Fundamentals remain challenging in EM/China and China-exposed economies, yet, the October Plenum could temporarily overshadow these challenges with positive headline risk on reforms," RBS analysts say in a research note sent to clients.

1400: The Belgian central bank's business confidence index retreated to -4 in October after a reading of -6.8 in in the month before (consensus: -6.8) and announces accelerated $200m share repurchase programme.

1345: UK GDP in the third quarter is expected to fall back to 0.5% quarter-on-quarter after the 0.7% rise over the previous three months, IHS Global Insight said. The think-tank estimates GDP will expand 2.4% this year followed by the same rate of expansion in 2016.

1330: Consumer prices in Canada drifted lower to hit 1% in September after a reading of 1.3% in the month before (consensus: 1.1%).

1200: Shire posts third quarter earnings per share of $3.24 (consensus: $2.9).

1259: Royal Caribbean Cruises posts third quarter earnings per share of $2.84 (consensus: $2.71).

1215: PBoC lowers 1-year lending rate by 25 basis points to 4.35% from 4.6% and the 1-year deposit rate by 25bp to 1.5%. The reserve ratio requirement was cut by another 50 basis points to 17.5%.

1159: Bank of America cuts 2015 US GDP estimate to 1.2% for 2015 and for 2016 to 2.5%.

0931: Goldman Sachs is out with a note saying the ECB will extend QE when it meets in December, potential for a deposit rate cut depends on upcoming data it adds.

0930: Stocks have begun the morning higher, led by gains in those stocks, such as Ashtead and CRH, with exposure to the US. Markit's composite purchasing managers' index for the euro area improved - contrary to economists' expectations - improving to a reading of 54 after a print of 53.6 in the month before (consensus: 53.4). FTSE 100 up 45.21 to 6,421