UK Stocks-Factors to watch on Jan 2

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Jan 2
Credit: © Reuters.

Jan 2 - Britain's FTSE 100 futures .FFIc1 were down 0.8 percent ahead of the cash market open on Wednesday.

* OPHIR ENERGY: Britain's Ophir Energy Plc OPHR.L said on Monday it is in discussions for a possible all-cash takeover offer with a unit of Indonesia's Medco Energi Internasional Tbk PT MEDC.JK .

GOLD: Gold prices rose on Wednesday on demand for safer investments amid falling equity markets and concerns over the outlook for global economic growth.

OIL: Oil markets dropped by around 1 percent in 2019's first trading on Wednesday, pulled down by surging U.S. output and concerns about an economic slowdown in 2019 as factory activity in China, the world's biggest oil importer, contracted. The UK blue chip index closed 0.1 percent lower at 6728.13 on Monday, as a strong pound pulled down exporter shares, offsetting U.S. President Donald Trump's positive comments on the U.S.-China trade dispute.

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