RollsRoyce, DS Smith rise on brokerage upgrades
888 Holdings jumps on report co rejected buyout offer in July
FTSE 100 down 0.3, FTSE 250 adds 0.5

Dec 4 Reuters The UK39;s FTSE 100 fell on Monday as losses in heavyweight energy and mining stocks outweighed broader market gains, while the focus slowly shifted to the United States39; jobs data due later in the week.

The commoditiesheavy FTSE 100 fell 0.3, while the more domesticallyfocussed FTSE 250 midcap index added 0.5.

The oil and gas sector fell 2.0 as crude oil prices fell on persistent pressure from the OPEC decision and uncertainty over global fuel demand growth.

Industrial metal miners slipped 2.5 as copper prices fell from near fourmonth highs on a stronger dollar.

The aerospace and defence sector added 0.6, helping limit losses. Shares of RollsRoyce gained 3.0 after J.P. Morgan upgraded the engineering company39;s stock to overweight from neutral.

Across other assets in the UK, the pound dipped 0.3 against the dollar, while yields on UK government bonds were largely subdued.

Meanwhile, the market will eye a bunch of U.S. employment data this week, with an October JOLTS number and November ADP National Employment report due during the week in the lead up to the more comprehensive November nonfarm payrolls report on Friday.

As ever, market narrative will be swayed by the outcome of the number, with the market hoping for a level which supports the likelihood of a soft landing, without being too strong so…