UK Stocks-Factors to watch on July 2
UK Stocks-Factors to watch on July 2 July 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.1%.
* CRYPTO: Robinhood plans to launch crypto trading in the UK and broadened its perpetual futures offering in Europe beyond cryptocurrencies.
* RATE CUTS: The Bank of England is not in a position to consider cutting interest rates, Governor Andrew Bailey said, despite oil prices falling back near pre‑Iran war levels.
* OIL: Oil prices dropped about 1%, down for a third consecutive day, after Qatar said Iran and the U.S. had made progress in indirect talks focused on the Strait of Hormuz.
* GOLD: Gold prices rose, supported by softer than expected jobs data and lower oil prices, while the market's focus turned to today's U.S. payrolls report for fresh cues on the Federal Reserve's trajectory.
* METALS: Aluminium edged up, supported by signs of strength in the manufacturing sector.
* EX-DIVS: JD Sports Fashion JD.L , F&C Investment Trust FCIT.L, Games Workshop Group GAW.L and Next NXT.L will trade without entitlement to its latest dividend pay-out on Thursday.
* The UK blue-chip index .FTSE closed down 0.2% on Wednesday, with healthcare and energy shares leading declines, as investors monitored the latest setback in U.S.-Iran talks.
* UK CORPORATE DIARY:
Currys | CURY.L | FY results |
3I Infrastructure | 3IN.L | Q1 operations update |
Trifast | TRFT.L | FY results |
Baltic Classifieds | BCG.L | FY results |
Great Portland Estates | GPEG.L | Trading update |
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
(Compiled by Anushka Chourasia in Bengaluru)
((Anushka.Chourasia@thomsonreuters.com))
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