UK Stocks-Factors to watch on Nov. 29

McDermott International

29/11/2023 04:54

Nov 29 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Wednesday, with futures  FFIc1  down
0.15%. 
    
    * SHELL: Shell PLC  SHEL.L  has authorized contractor
McDermott International Ltd  MCDIF.PK  to start engineering work
on its Manatee gas field development project off Trinidad and
Tobago's east coast, the contractor disclosed on Tuesday.
        * RSV IMMUNIZATIONS: Senior Biden administration
officials met with the makers of RSV immunizations for children
this week to underscore the need for manufacturers such as
Sanofi  SASY.PA  and AstraZeneca  AZN.L  to urgently meet demand
as winter approaches, the White House said on Tuesday.
    * GOLD: Gold prices touched a nearly seven-month high
propelled by an extended decline in the U.S. dollar and bond
yields as markets grew confident that the Federal Reserve would
likely cut rates by the first half of next year.
    * OIL: Oil moved in a narrow range as investors turned
cautious ahead of a crucial OPEC+ meeting to decide output
policy in the next months, while a supply disruption in the
Black Sea provided a floor for prices.
    * FTSE 100: Britain's FTSE 100 closed lower on Tuesday, as
shares of luxury retailer Burberry slipped following a price
target cut, while gains in Rolls-Royce shares capped losses
after the engineering company forecast a surge in its
profitability.
    
            * UK CORPORATE DIARY:         
 PENNON GROUP      PNN.L            HY RESULTS
 HALFORDS GROUP    HFD.L            HY RESULTS
    * For more on the factors affecting European stocks, please
click on:  LIVE/     
    TODAY'S UK PAPERS
    > Financial Times                       PRESS/FT 
    > Other business headlines              PRESS/GB 

 (Reporting by Zainab Saifuddin Saifee in Bengaluru)
 ((Zainab.SaifuddinSaifee@thomsonreuters.com; +91 8766460080;))