Nov 4 (Reuters) – The UK’s benchmark FTSE 100 rose marginally on Monday, helped by energy shares, while cautious investors braced for the U.S. presidential election and a potential interest rate cut by the Bank of England (BoE) later this week.
The blue-chip FTSE 100 (.FTSE), was up 0.1% at 8,184.24 points by 1658 GMT, while the mid-cap FTSE 250 (.FTMC), dipped 0.1%.
The heavyweight oil and gas sector (.FTNMX601010), rose 0.7% as oil prices jumped more than 2% after a decision by OPEC+ to delay increasing output by a month.
The personal goods sector (.FTNMX402040), however, led sectoral gains, driven by an 4.8% jump in Burberry (BRBY.L), after a report that Italy’s Moncler (MONC.MI), was considering a bid for the luxury retailer.
The banking sector (.FTNMX301010), rose 1.1%, supported by Natwest Group (NWG.L), that advanced 2.6% to a 13-year high.
Tuesday’s U.S. presidential election could dictate the outlook for the world economy….
