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UK Stocks-Factors to watch on Aug 28

Published 28-08-2020, 10:46 am
© Reuters.

Aug 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.4%.

* COVID-19: Britain said it will back three nationwide COVID-19 studies with 8.4 million pounds ($11 million) to fund research into understanding human immune responses to the coronavirus. BUSINESS CONFIDENCE: British business confidence has ticked up but remains far below usual levels as the economy struggles to cope with social distancing and employers are preparing to cut jobs, a survey showed. SHELL: Royal Dutch Shell Plc RDSa.L on Thursday said there were only minimal operational impact at its 318,000-barrel-per-day Deer Park, Texas facility due to Hurricane Laura. METALS: Copper rose after the U.S. Federal Reserve said it would promote higher inflation, a move that could weaken the dollar and make greenback-priced commodities more attractive. OIL: Oil prices fell as a massive storm raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries. London stocks ended Thursday on the back foot as earnings updates from firms like Rolls-Royce (LON:RR) underlined the extent of corporate damage inflicted by the coronavirus pandemic, while Federal Reserve Chief Jerome Powell's speech brought few surprises. UK CORPORATE DIARY:

Essentra Plc


HY results

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