UK Stocks-Factors to watch on July 8

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on July 8
Credit: © Reuters.

Britain's FTSE 100 .FTSE index is seen opening 24 points lower at 6,166 on Wednesday, according to financial bookmakers.

* FINANCE: British finance minister Rishi Sunak will announce a new scheme to stave off youth unemployment as he attempts to revitalise the economy. ECONOMY: Further waves of the novel coronavirus are surely on the way and they will be one of the determinants of Britain's economic outlook, Bank of England Chief Economist Andy Haldane said. SHELL: Royal Dutch Shell Plc RDSa.L is weighing the sale of its 211,146 barrel-per-day (bpd) Convent, Louisiana, refinery, sources familiar with plant operations said. BOOHOO: Retailers Next Plc NXT.L , Zalando SE ZALG.DE and Amazon.com Inc AMZN.O are delisting products made by Britain's Boohoo Group Plc BOOH.L following a media report about dire working conditions in an English factory that supplied the popular brand. JOBS: The collapse in Britain's labour market eased only slightly last month, according to a survey from the Recruitment and Employment Confederation (REC) industry body which warns that a "jobs crisis" is underway. OIL: Oil prices eased in early trade as industry data showing a build in U.S. crude stockpiles and a forecast for U.S. crude output to fall less than anticipated in 2020 added to worries about oversupply. GOLD: Gold steadied near a more than eight-year high, as worries over surging COVID-19 cases and hopes of more stimulus measures from the U.S. Federal Reserve lifted demand for the safe-haven metal. The UK blue-chip index .FTSE fell 1.5% on Tuesday, as a surge in U.S. coronavirus cases turned investors away from riskier trades. UK CORPORATE DIARY:

U and I Group

UAI.L

FY Earnings Releases Liontrust Asset Management

LIO.L

FY Earnings Releases FirstGroup

FGP.L

FY Earnings Releases Victrex

VCTX.L Interim management statement

* For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS

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