UK Stocks-Factors to watch on July 10

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on July 10
Credit: © Reuters.

July 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 10 points higher at 7,546 on Wednesday, according to financial bookmakers.

* KOM: Macquarie-backed MEIF 6 Fibre Ltd said on Tuesday it had offered 109.5 pence in the second day of a five-day auction for KCOM Plc KCOM.L , topping a bid from a unit of British pension fund Universities Superannuation Scheme Ltd. ACACIA MINING: Tanzania's largest gold miner Acacia Mining Plc ACAA.L said on Tuesday it has agreed to a request from Barrick Gold Corp ABX.TO to extend the deadline to make a firm offer to July 19. GOLD: Gold prices eased on Wednesday as the dollar climbed higher on expectations of a less dovish U.S. Federal Reserve, ahead of a testimony from the its Chairman Jerome Powell. OIL: Oil prices rose on Wednesday, led by U.S. crude after an industry group reported that U.S. stockpiles fell for a fourth week in a row, alleviating concerns about oversupply amid global trade tensions. The UK blue chip index closed 0.2% lower on Tuesday amid a deteriorating economic outlook and Brexit tensions, while online grocer Ocado (LON: OCDO ) jumped on the FTSE 100 after confirmed its annual forecast. For more on the factors affecting European stocks, please click on: LIVE/

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