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UK Stocks - Factors to watch on Nov 25

Source: Reuters - Wed 25th Nov 2009

Britain's FTSE 100 is seen opening 27-28 points higher on Wednesday as raised U.S. growth forecasts lifted investor sentiment prompting a late recovery on Wall Street and gains in Asia.

The UK blue-chip index is seen opening up around 0.5 percent having closed 31.54 points, or 0.6 percent lower on Tuesday at 5,323.96.

In the minutes of the last FOMC meeting, published on Tuesday, Federal Reserve officials expressed confidence in the sustainability of the U.S. economic recovery, even if they do not see employment picking up soon.

Later in the session, investors will eye the first revision to UK third-quarter GDP figures, due out at 0930 GMT.

Across the Atlantic, there will be a rash of data released this afternoon ahead of Thursday's Thanks giving holiday, notably the U.S. PCE deflator, the Fed's preferred measure of inflation, October new home sales and the final reading of the University of Michigan November consumer sentiment numbers.

Commodity stocks, which make up around a third of the index are set to be well-supported as gold struck a record high for a second time this week,and as other metal and crude prices CLc1 were firmer.

* Wall St dips on revised GDP: Fed's view curbs loss

* Nikkei flat after hitting 4-mth low, banks fall

* Gold hits record highs on firm investor sentiment

* Crude steady near $76 ahead of EIA stockpile data

* Copper gains 1 pct on Fed outlook boost

* Dollar at 7-wk low on yen, Aussie pushes higher

UK stocks to watch on Wednesday are:


The oil major's chief executive forecast that it would not need to borrow any more money if oil remains at around $70 per barrel, the Financial Times reported.

Seperately, the Guardian reported that Shell's chief executive has called on governments to intervene in the carbon markets.


The Cosmen family increased its stake in National Express for the third timein a week with a purchase of 400,000 shares ahead of Friday's vote on the proposed 360 million pounds rights issue, newspapers reported.


The supermarket is taking a subsidiary of Sports Direct International to court, the Daily Telegraph reported.


Sales of non-food ranges at British grocers are set to rise 40 percent over the next five years, a study said on Wednesday, piling pressure on specialist retailers already hit by recession and online competition.


The company releases its preliminary results.


The company releses its first half results.


The company releases its first half results.


The company releases first half results.


The company releases its preliminary results.


The company releases its first half results.

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