The UK’s FTSE 100 index is expected to open lower on Monday with futures down 0.32%.
* SHELL: Shell PLC signed an agreement on Friday to supply Trinidad and Tobago’s National Gas Company (NGC) with natural gas until 2036, including from the yet-to-be-developed Manatee offshore field, according to the national gas company.
* PENDRAGON: Britain’s Pendragon Group said on Friday it had received a new unsolicited proposal from Hedin Mobility Group and US company PAG International to jointly buy the car retailer for 447 million pounds ($548 million).
* HS2: British Minister Grant Shapps highlighted on Sunday the growing costs of the high-speed rail line project serving the north of England, which Prime Minister Rishi Sunak could decide to officially cancel in the coming days.
* OIL: Oil prices rose on Monday as investors focused on tightening supply prospects following Moscow’s temporary ban on fuel exports, while wary of further rate hikes that could dampen demand .
* METALS: The price of copper fell on Monday in London, with risk sentiment dampened by the prospect of higher interest rates for longer in the United States, while buying slowed ahead of a long public holiday in China, the main consuming country.
* The FTSE 100 rose slightly on Friday but posted weekly declines after the Bank of England joined other central banks this week in signaling that interest rates will stay higher for longer.
This article is originally published on zonebourse.com
