UK Stocks-Factors to watch on May 6

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on May 6
Credit: © Reuters.

Date xxxx (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 30 points lower on Wednesday, according to financial bookmakers.

* TRADE TALKS: The United States and Britain launched formal negotiations on a free trade agreement on Tuesday, vowing to work quickly to seal a deal that could counter the massive drag of the coronavirus pandemic on trade flows and the two allies' economies. HSBC: HSBC Holdings HSBA.L has filed an application to the Singapore High Court to place Zenrock Commodities Trading Pte Ltd under judicial management, three people familiar with the matter said. OIL: Oil prices fell, ending a multi-day streak of gains, as investors focused on oversupply risks after U.S. crude inventories rose more than expected amid a slump in demand caused by restrictions to halt the coronavirus spread. O/R

* GOLD: Gold prices slipped as the gradual easing of some coronavirus-led restrictions by several nations raised prospects of more global economic activity, denting demand for the safe-haven metal. GOL/

* METALS: London copper prices rose to their highest in nearly a week on Wednesday, amid hopes of better demand as countries start to ease coronavirus-induced restrictions. MET/L

* A surge in big oil companies boosted Britain's FTSE 100 on Tuesday, with investors counting on a revival in economic activity as several countries emerged from coronavirus lockdowns. UK CORPORATE DIARY: Virgin Money (LON: VM ) UK


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