FTSE 100 rises on energy boost; US election in focus
FTSE 100 up 0.1%, FTSE 250 down 0.1%
Burberry jumps on report of Moncler considering bid
US election in spotlight
BoE rate decision on Thursday
Updated at 1649 GMT
By Pranav Kashyap and Nikhil Sharma
Nov 4 (Reuters) -The UK's benchmark FTSE 100 rose marginally on Monday, helped by energy shares, while cautious investors braced for the U.S. presidential election and a potential interest rate cut by the Bank of England (BoE) later this week.
The blue-chip FTSE 100 .FTSE was up 0.1% at 8,184.24 points by 1658 GMT, while the mid-cap FTSE 250 .FTMC dipped 0.1%.
The heavyweight oil and gas sector .FTNMX601010 rose 0.7% as oil prices jumped more than 2% after a decision by OPEC+ to delay increasing output by a month. O/R
The personal goods sector .FTNMX402040, however, led sectoral gains, driven by an 4.8% jump in Burberry BRBY.L after a report that Italy's Moncler MONC.MI was considering a bid for the luxury retailer.
The banking sector .FTNMX301010 rose 1.1%, supported by Natwest Group NWG.L that advanced 2.6% to a 13-year high.
Tuesday's U.S. presidential election could dictate the outlook for the world economy. Opinion polls suggest Democrat Kamala Harris and Republican candidate Donald Trump are virtually tied in the race to win the White House.
The BoE's rate-setting meeting on Thursday will also garner attention, as the central bank is widely expected to cut rates by 25 basis points. 0#BOEWATCH
Both the FTSE indexes logged weekly declines on Friday after the country's budget raised concerns about inflation pressures building again and potentially slowing the BoE's monetary easing plans.
Among other stocks, Anglo American AAL.L eased 0.2% after the miner agreed to sell a 33.3% stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, for A$1.6 billion ($1.1 billion).
Reporting by Pranav Kashyap and Nikhil Sharma in Bengaluru; Editing by Sonia Cheema and Barbara Lewis
For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - * UK hot stocks: HOT and GB Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/ * For company prices, click on - * Company directory: UKEQ By sector: FTAX * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
