UPDATE 1-UK Stocks-Factors to watch on Nov. 6

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on Nov. 6
Credit: © Reuters.

(Adds company news items, futures)

Nov 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 21 points lower at 5,885 on Friday, according to financial bookmakers, with futures down 0.2% ahead of cash market open.

* EASYJET: British airline easyJet EZJ.L said recently announced lockdowns in England, Germany and France had forced it to scale back its already reduced flying schedule, and it would now fly no more than 20% of capacity for the rest of the year. BEAZLEY: Beazley BEZG.L indicated that it would slip in to an underwriting loss for the year, as the specialist insurer set aside $80 million to pay out catastrophe claims and also reiterated its pandemic-related loss estimate. AVEVA: British industrial software provider Aveva Group AVV.L said it intends to raise 2.84 billion pounds ($3.73 billion) through a rights issue to partly fund the acquisition of SoftBank-backed peer OSIsoft. GOLD: Gold fell after surging in the previous session, as the dollar gained, but was set for its best week since late July on hopes for more central bank economic support as investors bet on a divided U.S. Congress under a Biden presidency. OIL: U.S. oil fell nearly 2% as new lockdowns in Europe to contain the spread of the coronavirus disease raised questions about the outlook for crude demand, while markets remained on edge over the drawn-out vote counting in the U.S. election. The UK blue-chip index .FTSE closed 0.4% higher on Thursday after the government and Bank of England both ramped up stimulus programmes to cushion the struggling economy as England goes into a second national lockdown. For more on the factors affecting European stocks, please click on: LIVE/

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