UK Stocks-Factors to watch on Nov 27

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Nov 27
Credit: © Reuters.

Nov 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 9 points lower at 7,027 points on Tuesday, according to financial bookmakers.

* OIL: Oil markets were trading cautiously on Tuesday, with mixed signals from top exporter Saudi Arabia ahead of an OPEC meeting in Austria next week. International Brent crude oil futures LCOc1 were down 0.3 percent at $60.30 per barrel as at 0530 GMT. GOLD: Gold prices inched lower on Tuesday while investors awaited clues on the pace of future U.S. interest rate hikes and as the U.S.-China trade spat sours ahead of a G20 summit. FAROE PETROLEUM: Britain's Faroe Petroleum FPM.L rejected a 608 million pound ($781 million) hostile bid by DNO DNO.OL on Monday, which it said substantially undervalued the Aberdeen-based firm. STANDARD CHARTERED: Standard Chartered Plc STAN.L is considering simplifying its structure as it looks to curb costs across its networks from Zambia to Macau, Bloomberg reported on Monday, citing sources. BHP: BHP Group Plc BHPB.L has identified a potential new iron oxide, copper and gold mineralized system near its Olympic Dam operations in South Australia as part of a copper exploration program, the miner said on Tuesday. The UK blue chip index .FTSE closed 83.14 points higher at 7,036 points on Monday, as worries about Brexit eased after the weekend vote in Brussels and investors piled back into oil and financials and the battered telecoms sector rallied on dealmaking news. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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