UK Stocks Markets to watch on Nov 12

Britain’s FTSE 100 .FTSE index is seen opening 62 points lower at 6,320 on Thursday, according to financial bookmakers.

UK HOUSING: The boom in Britain’s housing market carried on into October as a gauge of house price growth struck a new 21-year high, but next year looks set to be much quieter, a survey showed.

COVID-19: Conservative lawmakers have set up a new group to fight what they call a cycle of lockdowns to curb the spread of the novel coronavirus.

BREXIT: Prime Minister Boris Johnson’s director of communications resigned on Wednesday, a move that suggested tension at the heart of government as Britain prepares to leave the EU on Dec. 31, 2020.

UK TRANSPORT: London said on Wednesday it would need up to $3.8 billion more support from the British government for its transport system in the next financial year to cope with the impact of the COVID-19 pandemic. GOLD: Gold prices edged higher, after dropping over 1% in the previous session, as concerns over the economic fallout from surging COVID-19 cases outweighed positive vaccine news.

Oil: prices rose in early trade, taking the week’s gains to more than 12% on growing hopes that the world’s major producers will hold off on a planned supply increase as soaring cases of COVID-19 dent fuel demand.

The UK blue-chip index .FTSE closed 1.4% higher on Wednesday as optimism about an effective COVID-19 vaccine offset concerns over surging coronavirus cases and a deadlock in Brexit trade talks with the European Union.

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