UK Stocks-Factors to watch on June 5

Credit Suisse AG

05/06/2023 06:08

June 5 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Monday, with futures  FFIc1  up 0.10%.
    
    * CREDIT SUISSE: UBS  UBSG.S  said it will complete its
takeover of Credit Suisse  CSGN.S  "as early as June 12",
creating a giant Swiss bank with a balance sheet of $1.6
trillion following a government-backed rescue earlier this year.
    * NEW CAR SALES: Britain's new car sales still below
pre-pandemic level despite a rise it witnessed in May from a
year earlier, according to the preliminary industry data
released by the Society of Motor Manufacturers and Traders
(SMMT) on Monday.
    * AIRLINES: The head of a group representing global airlines
renewed pressure on planemakers to speed up plane and parts
production on Sunday, warning the delays would curtail airline
capacity as demand for air travel nears a full recovery from the
pandemic. 
    * ASTRAZENECA: AstraZeneca's  AZN.L  lung cancer therapy,
Tagrisso, cut the risk of death by more than half in patients
with a certain form of lung cancer who were diagnosed early
enough to have their tumour surgically removed, trial data
showed.
    * OIL: Oil prices jumped more than $1 a barrel after the
world's top exporter Saudi Arabia pledged to cut production by
another 1 million barrels per day from July, counteracting
macroeconomic headwinds that have depressed markets.
    * GOLD: Gold prices edged lower in rangebound trading as the
dollar firmed after a strong U.S. payrolls report, overshadowing
support from prospects that the Federal Reserve would pause its
rate hikes this month.
    * British equities rose on Friday as investors adopted a
risk-on mood after the U.S. passed a deal to avert a
catastrophic debt default.    
    

    * For more on the factors affecting European stocks, please
click on:  LIVE/     
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 (Reporting by Radhika Anilkumar in Bengaluru)
 ((Radhika.Anilkumar@thomsonreuters.com))