UPDATE 1-UK Stocks-Factors to watch on Sept. 7

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Sept. 7
Credit: © Reuters.

(Adds futures, news items)

Sept 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 49 points higher at 5,849 on Monday, according to financial bookmakers, with futures FFIc1 seen up 0.9% ahead of cash market open.

* HOCHSCHILD: Precious metals miner Hochschild Mining HOCM.L cut its full-year production outlook on Monday, as its operations were impacted by ongoing COVID-19 related restrictions in Peru and Argentina. METALS: Copper prices advanced on Monday as solid export data from top consumer China signalled a faster and more balanced economic recovery in the world's second-biggest economy, though gains were capped by lower-than-expected imports. MET/L

* BREXIT: Britain has set a deadline of Oct. 15 to strike a free-trade deal with the European Union, and if none is agreed both sides should "accept that and move on," UK Prime Minister Boris Johnson will say on Monday. GOLD: Gold edged higher on Monday after weak U.S. data raised concerns over a quick economic rebound from the coronavirus-led slump and cemented hopes that lower interest rates would last longer. OIL: Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about demand recovery cooled amid the coronavirus pandemic. The UK blue-chip index .FTSE fell 0.9% on Friday as the chance of Britain leaving the European Union without a trade deal rose sharply, while housebuilders tumbled amid scrutiny from the UK's competition regulator. For more on the factors affecting European stocks, please click on: LIVE/


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