UPDATED 7:25 ET

>> STOCKS – European stocks declined, following their biggest rally in two months, as investors awaited the outcome of a Federal Reserve meeting starting today. U.S. stock- index futures were little changed, while Asian shares advanced.

>> BONDS – Treasuries were the world’s worst- performing bonds this year before the Federal Reserve starts a two-day meeting today to decide whether to reduce its debt- buying program.

>> COMMODITIES – Copper swung between gains and declines in London as investors await the outcome of the U.S. Federal Reserve’s two-day meeting starting today.

>> CURRENCIES – The pound erased an advance against the dollar after a government report showed U.K. consumer-price inflation unexpectedly slowed in November to the lowest level in four years.

>> ECONOMIC DATA – Eurogroup Meetings all day, US Core CPI and CAD Manufacturing Sales due at 8:30, BOE Gov Carney Speaks at 10:30, RBA Gov Stevens Speaks at 17:30, NZD ANZ Business Confidence at 19:00 ET.