UK Stocks-Factors to watch on Nov 18

© Reuters.

Nov 18 (Reuters) – Britain’s FTSE 100 index is seen opening 13 points lower at 6,352 on Wednesday, according to financial bookmakers.

UNILEVER: Unilever , expects sales of its plant-based meat and dairy products to reach 1 billion euros over the next five to seven years, helped by growth of its Vegetarian Butcher brand and vegan varieties of Hellmann’s mayonnaise and Magnum and Wall’s ice cream.

GOLD: Gold prices edged lower due to optimism over a potential COVID-19 vaccine, but concerns over the economic impact from the resurgence of coronavirus cases in the United States limited their decline.

OLD: Oil prices fell after a bigger-than-expected build in stockpiles stoked fears for weak fuel demand and a potential supply glut, but hopes that OPEC and its allies will postpone a planned January increase to oil output braked losses.

The UK blue-chip index closed 0.9% lower on Tuesday after a sharp vaccine-led rally, as a stronger pound pressured exporters and investors remained cautious about a post-Brexit trade deal with the European Union.


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