The UK's FTSE 100 edged slightly lower on Wednesday as declines in financial stocks overshadowed gains in the mining and energy sectors.

The National Bank of Poland cut interest rates by 25bp as inflation fell below the central bank's target in November, wage growth surprised to the downside in October, and the inflation outlook looks brighter than before.

For investors, November’s sharp revenue decline offers a clear signal that Russia’s resilience is being tested more seriously than at any point since sanctions intensified.