UK Stocks-Factors to watch on Nov 13

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Nov 13
Credit: © Reuters.

Nov 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 15 points higher at 7,068 on Tuesday, according to financial bookmakers.

* SHIRE, TAKEDA: Banks, law firms and other advisers stand to earn up to $963 million in fees from Takeda Pharmaceutical's 4502.T $62 billion takeover of drugmaker Shire SHP.L , according to documents for the deal published on Monday. IQE: British chipmaker IQE Plc IQE.L warned on Monday that its current-year financial results would be lower, after fellow Apple (NASDAQ: AAPL ) supplier Lumentum cut its quarterly forecast, citing lower orders by a major customer. GOLD: Gold prices edged higher on Tuesday, as investors looked for bargains after the metal fell to a more than one-month low on a stronger U.S. dollar. OIL: Oil prices fell by around 1 percent on Tuesday, with Brent crude sliding below $70 and WTI below $60 per barrel, after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market. The UK blue chip index lost 0.74 percent on Monday as fears about the terms of Brexit sank the pound, giving an accounting boost to stocks with foreign revenues in dollars. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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