UK Stocks-Factors to watch on Aug. 4

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Aug. 4
Credit: © Reuters.

Aug 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 2 points at 7473 on Friday, according to financial spreadbetters.

* ECONOMY: British shops saw a dip in sales last month, with fashion retailers enduring their worst July for eight years, a survey showed on Friday, adding to evidence consumers are cutting back spending on discretionary items. Britain's economy has slowed as the rise in inflation since last year's Brexit vote and modest pay growth have squeezed consumers' real earnings. OIL: Oil markets dipped on Friday, with U.S. crude remaining below $50 per barrel, restrained by rising output from the United States as well as producer club OPEC. Brent crude futures LCOc1 , the international benchmark for oil prices, were at $51.90 a barrel, down 11 cents, or 0.2 percent, from their last close and around 70 cents for the week. GOLD: Gold held steady on Friday, close to a seven-week high hit earlier this week, as the dollar eased to hover near multi-month lows ahead of monthly U.S. nonfarm payrolls data due out later and amid continuing U.S. political uncertainty. Spot gold XAU= was nearly flat at $1,268.00 per ounce at 0434 GMT. It was on track to end the week almost unchanged. LONDON COPPER: Three-month copper on the London Metal Exchange CMCU3 barely budged from overnight levels, trading at $6,343 a tonne at 0100 GMT. UK blue chips rose to a one-week high on Thursday after the Bank of England kept rates on hold, hitting the pound and lifting export-oriented stocks accordingly. The market is also buoyed by solid earnings updates. The FTSE .FTSE rose 0.85 percent to 7,474.77 points with big international firms like Diageo DGE.L extending gains as sterling weakened following the central bank's decision. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

* UK CORPORATE DIARY:

Dialight PLC

DIAL.L

Half Year 2017 Dialight PLC Earnings

Release LSL Property Services PLC

LSL.L

Half Year 2017 LSL Property Services

PLC Earnings Release PHSC PLC

PHSC.L

Full Year 2017 PHSC PLC Earnings

Release Ibstock PLC

IBST.L

Half Year 2017 Ibstock PLC Earnings

Release Silver Falcon PLC

SILF.L

Half Year 2017 Silver Falcon PLC

Earnings Release Pearson PLC

PSON.L

Half Year 2017 Pearson PLC Earnings

Release Millennium & Copthorne

MLC.L

Half Year 2017 Millennium & Copthorne Hotels PLC

Hotels PLC Earnings Release RPS Group PLC

RPS.L

Half Year 2017 RPS Group PLC Earnings

Release Devro PLC

DVO.L

Half Year 2017 Devro PLC Earnings

Release Cloudcall Group PLC

CALL.L

Half Year 2017 Cloudcall Group PLC

Earnings Release Merlin Entertainments PLC

MERL.L

Half Year 2017 Merlin Entertainments

PLC Earnings Release Royal Bank of Scotland Group RBS.L

Half Year 2017 Royal Bank of Scotland PLC

Group PLC Earnings Release Kennedy Wilson Europe Real

KWE.L

Half Year 2017 Kennedy Wilson Europe Estate PLC

Real Estate PLC Earnings Release

TODAY'S UK PAPERS

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