UK Stocks-Factors to watch on September 5

Ashmore

05/09/2025 06:16

Sept 5 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futuresFFIc1 up 0.07%.

* REVOLUT: London-based financial technology company Revolut has hired Frederic Oudea, the former CEO of France's Societe Generale, as chairman of its Western Europe hub in Paris, as it prepares to apply for a banking licence in the country.

* OIL: Oil prices extended their decline into a third session on Friday, heading for a weekly loss for the first time in three weeks as supply expectations grow and a surprise build in U.S. crude stocks adds to demand concerns.

* GOLD: Gold prices rose on Friday and were on track for their best week in three months, supported by growing expectations of a U.S. interest rate cut this month, as attention turns to the U.S. non-farm payrolls data due later in the day.

* METALS: Copper prices posted modest gains on Friday, supported by a rare decline in refined copper production in top producer China, while investors awaited data on the U.S. non-farm payrolls due later in the day.

* FTSE: The UK blue-chip index .FTSE closed up 0.4% on Thursday, led by gains in consumer staples and bank stocks, while investors assessed corporate updates.

* UK CORPORATE DIARY:

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

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 (Compiled by Ankita Bora in Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))