FTSE 100 Records Gains Amid Tax-Inspired Investor Sentiment

The FTSE 100 ended November with a marginal loss despite a strong week, buoyed by tax-driven investor optimism. Key market movements included a rise in oil and chemicals stocks and a jump by Mitchells & Butlers after positive profit results. Global markets remained volatile following a CME outage.

The FTSE 100 index concluded November on a high note, with a 0.3% weekly gain despite snapping a four-month winning streak, driven by a tax-heavy UK budget that lifted investor spirits.

The oil and gas sector grew by 1.3%, fueled by rising oil prices amid ongoing Russia-Ukraine peace talks, while investors keenly await the results of the upcoming OPEC+ meeting.

Mitchells & Butlers saw an 11.5% surge after outperforming profit expectations, whereas Whitbread and Burberry faced declines due to tax hikes and downgrades, indicating the diverse market responses to economic shifts.

(With inputs from agencies.)