Markets edge higher on U.S. shutdown hopes; UK traders stay cautious before budget:

Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading up around 0.90% on 11 November 2025.  

Macro Update: UK markets reflected mixed signals as grocery inflation eased to 4.7%, offering minor relief ahead of potential tax hikes in the upcoming budget. However, investors remained cautious, pulling a record £7.4 billion from equity funds since June amid valuation concerns and tax uncertainty. Corporate updates were upbeat—Vodafone lifted its dividend for the first time in eight years after improved performance in Germany, while the FTSE 100 hit a record close, supported by gains in Diageo following a new CEO appointment. Conversely, Hilton Food issued a cautious outlook for 2026 due to ongoing regulatory delays, and the Bank of England signaled a softer stance on crypto oversight by proposing to let stablecoin issuers invest up to 60% of reserves in government debt. 

Top Market Movers: Among top gainers on FTSE 100 index, WPP PLC (LSE: WPP) witnessed a rise of 5.33% followed by Vodafone Group PLC (LSE: VOD) which gained around 4.87%. 

Commodity Update: The yen slid to its weakest level since February as hopes grew for a resolution to the U.S. government shutdown, lifting risk currencies. Gold rose 0.55% to USD 4,145, silver gained 0.44% to USD 50.52, while copper was slightly lower at USD 10,818. Brent crude dipped 0.30% to USD 63.89 amid concerns of a potential supply glut, despite support from U.S. political progress and refinery disruptions. 

Our Stance: The U.S. Senate’s approval of a 60-40 compromise to end the historic federal government shutdown and restore funding to January 30 has lifted a major economic overhang, offering relief to markets, travel sectors and consumer confidence. While the deal avoids layoffs and sets up a December vote on health insurance subsidies for 24 million Americans, it doesn’t guarantee a long-term resolution and leaves food-aid funding for 42 million low-income households still in legal limbo. With investors breathing easier and equity markets rebounding on AI-led gains and the shutdown’s thawing, the path ahead still depends on final Congressional and Presidential approval, delayed data flow, and the durability of the relief.  

FTSE 100 

The FTSE 100 climbed 109.94 points to 9,897.09, maintaining a strong position above key support at 9,200. The index continues to trade above both the 21-day SMA (9,624.66) and the 50-day SMA (9,444.47), indicating a stable technical structure with scope for near-term consolidation. The RSI remains above the overbought threshold but still within bullish territory, reflecting a mildly positive bias. Immediate support is seen near 8,950, while resistance levels are placed at 10,000 and 10,120. 

Source - EODHD/Others