UK Stocks-Factors to watch on Nov 25

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

Nov 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 24 points higher at 7,351 on Monday, according to financial bookmakers.

* BP/GLENCORE: Russian oil producer Surgutneftegaz SNGS.MM has sold four 740,000-barrel cargoes of ESPO blend crude ESPO-DUB for loading in the second half of January at lower premiums via two spot tenders last week, trade sources said. The buyers were likely BP BP.L , Glencore GLEN.L , and ChinaOil. BREXIT: Prime Minister Boris Johnson, facing a Dec. 12 election, promised 23.5 billion pounds ($30.15 billion) of "sensible" tax cuts and extra day-to-day spending which he sought to contrast with the opposition Labour Party's much more radical plans. WOODFORD: Market watchdogs in the European Union will launch coordinated checks next year on whether asset managers are flouting liquidity rules after the shuttered Woodford fund in Britain has raised questions, a top EU regulator said on Friday. Oil prices began the week on a brighter note, posting early gains as positive noises from Washington over the weekend rekindled optimism in global markets that the United States and China could soon sign a deal to end their bitter trade war. GOLD: Gold prices edged down to a one-week low after the United States and China expressed willingness to sign an initial trade deal by the year-end, lifting demand for riskier assets and boosting the dollar. The UK blue chip index .FTSE surged more than 1% on Friday after two days of selling, as investors turned cautiously optimistic about a Sino-U.S. trade deal and exporter stocks rose after the pound weakened on downbeat U.K. Purchasing Managers' Indexes (PMI) data. UK CORPORATE DIARY: Mobeus Income & Growth 2 VCT


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