UK Stocks-Factors to watch on February 4
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On February 4, the UK's FTSE 100 index is expected to open higher, with futures up 0.1%. Shell has sold a 20% stake in its Orca project to Kuwait Foreign Petroleum Exploration Company. Glencore suspended nearly $1 billion in investments at Horne Smelter due to regulatory issues. British unemployment is projected to rise to its highest since 2015. The UK government is promoting advanced nuclear reactor development. Oil prices increased amid geopolitical tensions, while gold prices rose on safe-haven demand. The FTSE 100 experienced a pullback from record highs ahead of the Bank of England's policy meeting.
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