European indices followed their US counterparts lower this morning, as equity markets attempt to price in the possibility of a Fed taper, the prospect of which is becoming more real by the day. That the market is left to second guess both the timing and the size of any such reduction in the feds $85 billion bond purchasing program has created sufficient uncertainty amongst traders to take some risk off the table in advance of todays US data. Worse than expected industrial production figures from the Eurozone has made the decision a touch easier for traders this morning, with a drop of 1.1% versus an expected rise of 0.2%, with attention now focused on US weekly jobless claims and in particular November retail sales as a decent number here could well nudge market sentiment further towards a taper next week. In UK companies news, online sales at Sports Direct continue to come in strong, helping rake in H1 pre tax profits of 146.2m, up 16.9% YoY. Despite an outperforming first half, full year forecasts have reverted to original targets, sending them lower on the open and taking a little heat out of a stock that has near doubled in 2013. Another stock lower despite posting good numbers for the first half of 2013 was Supergroup, who warned that Q3 numbers are likely to reflect a more challenging environment than the 2 quarters previous. Shares in John wood also came under fire on the open after issuing a profit warning, forecasting a 15% drop for 2014. The blame has been placed on weakness in its Canadian business. In Europe Peugeot slid over 6% this morning, driven by the news of a 1.1 billion Euro impairment charge and disappointing cost savings from its General Motors tie up. The charge relates to a general weakness in the sector as well as exchange rate hits in Latin America and Russia. The joint venture with GM was projected to produce savings of up to $2 billion, but the latest round of estimates are targeting $1.2 billion by 2018. CMC Markets is an execution only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.