UK Stocks-Factors to watch on Aug 16

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UK Stocks-Factors to watch on Aug 16
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Aug 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 14 points, or 0.2 percent lower, on Tuesday, according to spreadbetters.

* The UK blue chip index closed 0.4 percent higher on Monday at 6941.19 points, touching a fresh 14-month high after oil stocks rallied, with Sage Group SGE.L recovering from an early fall after a data breach. EU SPECTRUM LICENCE: The European Commission is to propose that telecom spectrum licences are granted for a minimum of 25 years to increase investment certainty for operators, under a reform of the bloc's telecoms rules, according to an EU document seen by Reuters. VOD.L BT.L BP: BP Plc BP.L is reportedly delaying planned U.S. Atlantis Field work in the Gulf of Mexico to early September from August, according to a trader at a U.S. bank who cited a Bloomberg report. OIL: Oil prices edged away from 5-week highs on Tuesday, with traders cashing in on a 16-percent rally since early August that has largely been fuelled by talk of producers taking action to prop up the market. LCOc1 CLc1 GOLD: Spot gold XAU= was up about 0.6 percent at $1,346.31 an ounce at 0348 GMT. The metal rose 0.2 percent on Monday. O/R

* COPPER: London Metal Exchange copper CMCU3 traded flat at $4,768.50 a tonne by 0117 GMT, having closed a tad firmer on Monday. The metal touched a one-month low of $4,750.50 on Friday. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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