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UK Stocks-Factors to watch on Nov 19

Stock MarketsNov 19, 2020 06:19
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Nov 19 - Britain's FTSE 100 .FTSE index is seen opening 59 points lower at 6,327 on Thursday, according to financial bookmakers.

BT: BT BT.L Chief Executive Philip Jansen is "open-minded" about the possibility of selling a stake in the British company's Openreach infrastructure unit once there is full clarity on the regulation of fibre networks next year, he said on Wednesday.

TRADE DEAL: Canada and the United Kingdom are closer to signing a new trade agreement, which will replace the existing deal Britain has through European Union membership, Bloomberg News reported on Wednesday.

GOLD: Gold prices inched lower as a firmer dollar and progress in COVID-19 vaccine developments offset concerns over spiking virus cases in the United States and hopes of more stimulus.

OIL: Oil futures eased surrendering some gains from the previous day as the surge in coronavirus cases and tighter economic restrictions around the globe stoked fears over slower fuel demand, outweighing upbeat vaccine news.

The UK blue-chip index .FTSE closed 0.3% higher on Wednesday as hopes of a post-Brexit trade deal with the European Union and further positive vaccine data from drugmaker Pfizer (NYSE:PFE) offset concerns about economic damage from surging coronavirus cases.


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UK Stocks-Factors to watch on Nov 19

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