financetom
World
financetom
/
World
/
UK Stocks-Factors to watch on Dec 24
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK Stocks-Factors to watch on Dec 24
Dec 23, 2024 9:40 PM

Dec 24 (Reuters) - Britain's FTSE 100 index is

seen opening higher on Tuesday, with futures up 0.22%.

* ANGLO AMERICAN: Chile's environmental regulator has filed

four charges against the major Los Bronces copper mine,

controlled by Anglo American, for noncompliance with

environmental permits, the agency said on Monday.

* HIKMA: The U.S. Food and Drug Administration on Monday

approved Hikma Pharmaceuticals' ( HKMPF ) generic version of Novo

Nordisk's diabetes drug Victoza, clearing the way for

the launch of another copy of the treatment in the country.

* NHS: Eli Lilly's ( LLY ) obesity drug Mounjaro will be

available through Britain's state health system for some

patients from March, after the drugs cost-effectiveness watchdog

NICE on Monday gave its approval.

* COVID ANITOBDY DRUGS: The U.S. Food and Drug

Administration has revoked the emergency use authorization for

four COVID-19 antibody-based drugs, including those from

AstraZeneca ( AZN ) and GSK.

* OIL: Oil prices rose on Tuesday, reversing the prior

session's losses, buoyed by slightly positive market outlook for

the short term and stronger U.S. economic data, despite thin

trade ahead of the Christmas holiday.

* METALS: Most base metals rose in tight ranges on Tuesday

but the strength of the dollar, driven by the prospect of

higher-for-longer U.S. interest rates, limited their gains.

* GOLD: Gold prices edged higher on Tuesday, as investors

braced for a less aggressive path of interest rate cuts from the

Federal Reserve next year, in a holiday-truncated trading week.

* Britain's benchmark FTSE 100 kicked off a

holiday-shortened week on a higher note on Monday, while

investors analysed data that showed the British economy

flat-lined in the third quarter of the year.

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Yamini Kalia in Bengaluru)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EMERGING MARKETS-Latam FX lose shine; Turkey's surprise rate hike boosts lira, bonds
EMERGING MARKETS-Latam FX lose shine; Turkey's surprise rate hike boosts lira, bonds
Mar 21, 2024
* Brazil cuts rates by 50 bps, may change course after May * Mexico policy decision due By Ankika Biswas March 21 (Reuters) - Latin American currencies fell against a strong dollar on Thursday after gains the previous day on the Federal Reserve's unchanged 2024 policy outlook, while Turkey's surprise rate hike boosted its international sovereign bonds and the lira....
Pound tumbles, gilts rally after BoE nods at rate cut ahead
Pound tumbles, gilts rally after BoE nods at rate cut ahead
Mar 21, 2024
(Updates prices) By Joice Alves and Amanda Cooper LONDON, March 21 (Reuters) - The pound fell, while UK government bond prices rallied on Thursday after the Bank of England kept interest rates unchanged but sigalled the economy was moving in the right direction for it to start cutting rates. The BoE kept its benchmark rate at 5.25% - its highest...
FOREX-Sterling slips as BoE holds rates, Swiss franc tumbles after surprise SNB cut
FOREX-Sterling slips as BoE holds rates, Swiss franc tumbles after surprise SNB cut
Mar 21, 2024
(Updates throughout) By Joice Alves LONDON, March 21 (Reuters) - Sterling fell after the Bank of England (BoE) on Thursday kept its benchmark interest rate on hold as expected, while the Swiss franc fell to a multi-month low after the Swiss National Bank (SNB) surprised markets by cutting interest rates. The BoE's interest rate-setters voted 8-1 to keep borrowing costs...
Surprise Turkey rate hike shores up lira, boosts bonds and stocks
Surprise Turkey rate hike shores up lira, boosts bonds and stocks
Mar 21, 2024
LONDON, March 21 (Reuters) - A surprise bumper rate hike by Turkey's central bank on Thursday boosted the country's international sovereign bonds, lifted the lira off its recent lows and bolstered banking stocks. The central bank raised its key interest rate by 500 basis points to 50%, citing a deteriorating inflation outlook and pledging to keep a tight stance until...
Copyright 2023-2026 - www.financetom.com All Rights Reserved