UK Stocks-Factors to watch on December 11

Reuters12-11
 UK Stocks-Factors to watch on December 11

Dec 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures

* BP: BP BP.L, Woodside Energy and Chevron CVX.N were the top winners at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.

* PRUDENTIAL: Prudential PRU.L said it has sold a 4.5% stake in ICICI Prudential Asset Management IICL.NS for 49 billion rupees (about $545 million) ahead of the Indian fund manager's $1.2 billion IPO that opens on Friday.

* HOUSING MARKET: Britain's housing market slowed after finance minister Rachel Reeves' budget last month, according to a survey of chartered surveyors that showed buyer enquiries falling at the fastest rate in over two years.

* OIL: Oil prices were broadly stable as investors shifted their focus back to Russia-Ukraine peace talks while watching for any fallout from a U.S. seizure of a sanctioned tanker off the coast of Venezuela.

* METALS: Copper outperformed its base metal peers supported by a softer dollar after the U.S. Federal Reserve cut interest rates.

* GOLD: Gold eased pulling back from a near one-week high, after the U.S. Federal Reserve delivered a divided interest rate cut.

* FTSE: Britain's blue-chip FTSE 100 closed up 0.1% on Wednesday, supported by gains in banking stocks as investors awaited the U.S. Federal Reserve's interest rate decision.

* EX-DIVS: Associated British Foods ABF.L will trade without entitlement to its latest dividend pay-out on Thursday.

* UK CORPORATE DIARY:

NCC Group

NCCG.L

Full Year 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

(Compiled by Simone Lobo in Bengaluru)

((((Simone.Lobo@thomsonreuters.com; +919920570373;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment