UK Stocks-Factors to watch on March 1

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on March 1

March 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 46 points higher at 6,530 on Monday, according to financial bookmakers.

* AVIVA: Insurer Aviva AV.L plans to become a net zero carbon emissions company by 2040, claiming this was the most demanding target set by any major insurer worldwide. ASTRAZENECA: AstraZeneca AZN.L has sold its 7.7% stake in Moderna Inc MRNA.O for more than $1 billion after the U.S. biotechnology company's shares soared on the back of its coronavirus vaccine breakthrough, The Times reported. BONDS: Britain's government plans to launch the world's first sovereign green bonds for retail investors as part of its push to create a net-zero-carbon economy by 2050. BUDGET: British finance minister Rishi Sunak said on Sunday he would not rush to fix the public finances as he readied a budget plan which will pile more borrowing on top of almost 300 billion pounds of COVID-19 spending and tax cuts. VACCINATION: British finance minister Rishi Sunak will announce an extra 1.65 billion pounds to fund the country's fast vaccination rollout as part of his annual budget statement on Wednesday, the finance ministry said. OIL: Oil prices rebounded more than $1 after the U.S. House of Representatives passed a huge stimulus package. GOLD: Gold prices rose 1%, recovering from a more than eight-month low touched in the previous session, as the dollar weakened and the United States passed a $1.9 trillion stimulus package.

* The export-heavy FTSE 100 marked its weakest session since late-October on Friday, snapping three straight weeks of gains as a broader sell-off in bonds spread to global equities. UK CORPORATE DIARY:



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