UK Stocks-Factors to watch on Nov. 28
28/11/2023 04:57
Nov 28 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening lower on Tuesday, with futures FFIc1 down 0.07%.
* DIGITAL 9 INFRASTRUCTURE: British investment firm Digital
9 Infrastructure (D9) DGI9.L initiated a strategic review of
its portfolio on Monday and said it had agreed to sell its stake
in data group Verne Global for $575 million as it seeks to cut
debt and boost its finances.
* BRITISH RETAIL CONSORTIUM: Shoppers at British store
chains have seen the slowest increase in prices in almost a year
and a half but retailers might struggle to keep inflation on its
downward path, an industry group said.
* GOLD: Gold steadied after touching a six-month peak, as
expectations of an end to the U.S. Federal Reserve's interest
rate hike cycle kept the dollar and bond yields under check.
* OIL: Oil prices rose, snapping a multi-session losing
streak ahead of a crucial meeting of OPEC+, which is widely
expected to deepen and extend cuts to oil production amid fears
of supply being consistently higher than demand.
* METAL: Copper prices in London climbed as the dollar slid
to a three-month low, making the greenback-priced commodity
cheaper for buyers, although gains were limited by soft demand
outlook in top consumer China.
* FTSE 100: UK's FTSE 100 closed lower on Monday as losses
in heavyweight industrial mining stocks weighed on the
commodity-focused index, while luxury retailer Burberry slipped
on a price target cut.
* UK CORPORATE DIARY:
PETS AT HOME PETSP.L HY RESULTS
EASY JET EZJ.L FY RESULTS
TREATT TET.L FY RESULTS
TOPPS TILES TPT.L FY RESULTS
* For more on the factors affecting European stocks, please
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(Reporting by Zainab Saifuddin Saifee in Bengaluru)
((Zainab.SaifuddinSaifee@thomsonreuters.com; +91 8766460080;))