Shutdown deal lifts sentiment despite lingering data and oil concerns:

Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading down around 0.47% on 13 November 2025.  

Macro Update: Britain’s economy showed near-stagnant growth in Q3 at just 0.1%, weighed down by the Jaguar Land Rover cyberattack and softer September activity, reinforcing expectations of a Bank of England rate cut next month. Corporate updates were more upbeat, with Burberry returning to growth after two years of declines and Wizz Air delivering a strong profit beat despite signalling winter headwinds. Political tensions rose as PM Keir Starmer sought to consolidate support amid sliding polls, while BP advanced talks to sell its Castrol unit as part of its divestment strategy. Market sentiment improved, with the FTSE 100 hitting consecutive record closes, supported by utilities and miners, as hopes grew for an imminent end to the U.S. government shutdown. 

Top Market Movers: Among top gainers on FTSE 100 index, Endeavour Mining PLC (LSE: EDV) witnessed a rise of 9.89% followed by Convatec Group PLC (LSE: CTEC) which gained around 5.83%. 

Commodity Update: The yen hovered near a record low against the euro and a nine-month low versus the dollar after Japan’s new prime minister urged the central bank to proceed cautiously on rate hikes. Gold slipped 0.25% to USD 4,202.90 per ounce, while silver and copper edged higher. Brent crude dipped 0.03% to USD 62.69 as rising U.S. inventories fueled concerns over ample global supply amid subdued demand. 

Our Stance: U.S. markets and global sentiment improved after President Donald Trump signed legislation ending the record-long government shutdown, paving the way for the resumption of food assistance, federal pay, and air-traffic operations. Despite political turbulence and April’s tariff shock, financial markets have shown resilience, with major indices on track for solid annual gains and economic growth running above 3% in the second half of 2025. Economists now expect the Labor Department to prioritize delayed jobs and inflation data once agencies reopen, crucial for the Fed’s December policy meeting. Overall, the shutdown’s end removes a major overhang, helping stabilise sentiment even as investors rotate away from expensive tech names and refocus on economic fundamentals.  

FTSE 100 

The FTSE 100 declined 27.91 points to trade at 9,883.51 but continues to hold comfortably above key support at 9,200. With the 21-day SMA at 9,668.47 and the 50-day SMA at 9,732.52, the overall structure appears stable, suggesting scope for near-term consolidation. The RSI remains elevated yet within bullish territory, reflecting a mildly positive bias. Immediate support is placed near 8,950, while resistance is positioned around 10,000 and 10,120. 

Source - EODHD/Others