UK Stocks-Factors to watch on Sept 3
03/09/2024 05:37
Sept 3 (Reuters) - Britain's FTSE 100 .FTSE index is
seen opening higher on Tuesday, with futures FFIc1 up 0.03%.
* CONSUMER SPENDING: British consumer spending increased
modestly in annual terms during August, fuelled by spending on
food and drink during summery weather, according to surveys on
Tuesday that added to signs of steady economic growth in the
second half of 2024.
* BP: BP Trinidad and Tobago (bpTT) has entered into an
agreement with Perenco T&Tto divest its Immortelle, Flamboyant,
Amherstia and Cashima offshore gas fields and associated
production facilities, oil major BP BP.L said in a statement on
Monday.
* OIL: Brent oil prices slid in Asian trade on Tuesday as
concern about a sluggish economy in China bringing down demand
outweighed the impact of a blockade of oil production facilities
in Libya.
* GOLD: Gold prices drifted lower on Tuesday, while
investors awaited a slew of U.S. economic data to gauge the size
of the Federal Reserve's expected interest rate cut this month.
* UK's main stock index ended lower on Monday, weakened by a
sell-off in aerospace-defence and personal-goods shares, while
real estate shares surged on a bid for property portal
Rightmove, capping losses.
* UK CORPORATE DIARY:
Ashtead AHT.L Q1 trading update
DS Smith SMDS.L Q1 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
(Reporting by Radhika Anilkumar in Bengaluru;)
((Radhika.Anilkumar@thomsonreuters.com;))