UK wage growth slows in SeptemberNovember period
Investors assess mixed comments from policymakers
Rightmove down on JP Morgan downgrade
FTSE 100 down 0.4, FTSE 250 flat

Jan 16 Reuters London39;s bluechip FTSE 100 index hovered near a onemonth low on Tuesday, dented by riskoff moves in global markets as hawkish remarks from central bankers outweighed support from betterthanexpected UK wages data.

The FTSE 100 dropped 0.4 to its weakest level since midDecember, while the domestically focussed FTSE 250 index was flat.

Asian and broader European equities were under selling pressure after European Central Bank officials warned on Monday it was too early to discuss interest rate cuts. There were more mixed remarks on Tuesday.

That countered optimism from data that showed British wages grew at the slowest pace in almost a year, adding to signs of a gradual cooling of the inflationary pressure in the labour market that has worried the Bank of England.

While the BoE will likely privately welcome today39;s numbers, we are unlikely to see a shift in its narrative yet, with the higherforlonger message set to persist still until the BoE is certain that not only is CPI definitively moving back to target, but that the forces that drove it higher are also largely contained too, said Stuart Cole, chief macro economist at Equiti Capital.

UK equities began this year on a downbeat note as global investors scaled back expectations of aggressive monetary policy easing following…