UK Stocks-Factors to watch on Wednesday Nov 25

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Wednesday Nov 25
Credit: © Reuters.

LONDON, Nov 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 19 to 22 points higher, or up 0.4 percent on Wednesday, according to financial bookmakers.

The UK blue chip index closed down 0.5 percent at 6,277.23 points on Monday.

British finance minister George Osborne will renew his push to fix the country's public finances on Wednesday, taking a gamble that voters can accept four more years of deep spending cuts.

British finance minister George Osborne will announce increased spending on housing on Wednesday, saying the government will support private developers and local authorities to encourage the construction of around 400,000 new homes.

ROYAL DUTCH SHELL RDSa.L - The Ontario government on Tuesday ordered Shell Canada, a wholly owned subsidiary of Royal Dutch Shell, to pay C$825,000 ($620,487.36) in fines for discharging a contaminating odour from its Sarnia refinery in 2013.

OIL PRICES OR - Crude oil futures extended gains on Wednesday after prices hit two-week highs in the previous session as tension mounted in the Middle East following Turkey's downing of a Russian warplane.

METALS PRICES MET/L - Nickel jumped as much as 6 percent in Shanghai on Wednesday, leading a rebound in Chinese base metals as they tracked the rally overnight in London after a selloff that pulled prices to multi-year lows.


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