Market overview: Atlanta Fed president won't vote for rate hike in April

1405: The president of the Federal Reserve bank of Atlanta says he will not advocate an interest rate hike in April.

1330: Inflation pressures in the US at the consumer level decreased in March to 0.9% year-on-year (consensus: 1.2%) , as food and utility gas prices declined, missing forecast by a wide margin.

1330: Initial weekly unemployment claims dropped by 13,000 over the week ending on 9 April (consensus: 270,000).

1311: Wells Fargo reports fourth quarter EPS of $0.99 (consensus: $0.97).

1250: Three-month LME traded copper futures are drifting lower by 0.3% to $4,817.50 per metric tonne.

1214: Bank of America has reported first quarter EPS of $0.20 (consensus: $0.21) on the back of slightly weaker than forecast revenues of $19.7bn (consensus: $20.0bn). Next in the batting order today is Wells Fargo. Shares in Bank of America are falling 1.23% before the opening bell in New York.

1200: Rate-setters at the Bank of England kept their main policy settings unchanged by a unanimous vote. Bank Rate was kept at 0.50% and the size of the asset purchase facility at £375bn, both as expected.

1058: Sky News's Ed Conway says on Twitter he understands two members of the Monetary Policy Committee are strongly considering a vote for a cut in interest rates.

1000: Consumer prices in the Eurozone were flat year-on-year in March (consensus: -0.1%).

0930: Stocks have kicked off the session with slight losses following the previous day’s surge. Johnson Matthey is at the top of the leaderboard following positive comments out of analysts at Credit Suisse. Shares of Tesco are also on the up despite a downgrade out of SocGen. Burberry is getting thrashed after warning on profits in 2017. Acting as a backdrop, oil futures are under pressure despite a forecast from the IEA for the oil market to move back close to balance in the back half of 2016. An unexpected easing move by the Singapore Monetary Authority is weighing on most Asian currencies, particularly the Kiwi. Results due out later in the day from US lenders Wells Fargo and Bank of America are in focus. FTSE 100 down 15.57 points to 6,347.32.