European markets edge lower ahead of ECB Last week's flash October inflation rate of 0.7 per cent for the eurozone raised the spectre of deflation and speculation that the ECB bank rate could be cut from 0.5 per cent to 0.25 per cent was rife. The decision comes at 12.45pm London time. The FTSE 100 was 0.2 per cent lower, or 13 points, at 6,728.82, the DAX in Frankfurt eased 0.1 per cent to 9,032, while the CAC 40 in Paris lost 0.2 per cent to 4,278. Schroders was the main faller in London, down 2 per cent at £25.51 after the fund manager reported third-quarter net inflows of £1bn, but profits slightly below analyst expectations. The shares have been enjoying a good run - up 51 per cent year-to-date. Randgold Resources was the biggest riser, up 6 per cent at £48.91 after the gold miner reported its largest project, the Kibali mine, poured its first gold in September, well ahead of the original target date. In Europe, ArcelorMittal shares opened 4 per cent higher in Amsterdam at €12.45 after the world's largest steelmaker reported higher than expected underlying third-quarter profits.