European stock indices are trading lower today following the Nikkei which lost almost 3% on news Japan's economy is falling into recession. Japan's GDP fell at an annualised rate of -1.5% not meeting positive forecasts of +2.1% in the third quarter after dropping 7.3% in the second quarter. Euro zones trade balance improved to a plus of 17.2 beating forecasts of 16.2. Investors are awaiting Mario Draghi's speech at 14:00 GMT and U.S. industrial production data at 14:15 GMT.

UK's FTSE 100 index is down -0.27% trading at 6,638.10 points. Germany's DAX 30 lost -0.36% currently trading at 9,219.27 points and France's CAC 40, trading at 4,186.84 points, lost -0.37%.