UK stocks: factors to watch on November 9
EWU•EWU•EWU•EWU•The FTSE 100 was seen opening 0.1% higher on Monday. The roundup included updates on the UK job market, BP’s Indiana refinery, GSK patent lawsuits, oil, gold and copper.
The FTSE 100 was seen opening up on Monday, with futures up 0.1%. A recruiter survey said Britain’s job market cooled in October, while starting salaries for permanent jobs rose faster. The government was expected to cut its 2030 electric vehicle sales target by about a quarter, to around 60%, the Guardian reportedly reported, citing government sources.
BP said representatives from its 440,000-barrel-per-day Whiting, Indiana refinery had offered to meet United Steelworkers Local 7-1 the following week but had not received confirmation from the union. GSK settled lawsuits alleging that Moderna’s COVID-19 vaccines Spikevax and mNEXSPIKE, and its RSV shot mResvia, infringed its patents. Oil fell, gold rose more than 1%, and copper rebounded from the previous week’s drop.
