UK Stocks-Factors to watch on November 11
UK Stocks-Factors to watch on November 11 Nov 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.4%.
*UK INFLATION: The Bank of England will not succeed in returning inflation to target before 2030, driven by second-round effects on wages caused by the Iran war, according to forecasts from a leading academic think-tank which also nudged up its outlook for growth.
*NSCALE: British cloud services provider Nscale is considering delaying a $35 billion stock market listing, The Telegraph reported on Tuesday.
*TOUCHSTONE EXPLORATION: British investor who orchestrated a bogus £154 million bid for oil and gas producer Touchstone Exploration TXP.TO, TXP.L was handed a two-year suspended jail sentence by a London court on Tuesday.
*UK BUDGET: Britain's government is investigating how details of a bank tax rise were reported in the media before finance minister John Healey announced them in his budget last month, according to a letter published by a parliamentary committee on Tuesday.
*OIL: Oil prices rose on Wednesday after falling to two-month lows in the previous session, as the market swung between hopes for a de-escalation in the Iran war and concerns about ongoing attacks on shipping in the Strait of Hormuz.
*GOLD: Gold prices edged higher on Wednesday after a nearly 3% slide in the previous session, but gains were limited as stronger-than-expected US inflation data cemented expectations of a Federal Reserve interest rate hike next month, weighing on bullion.
*METALS: Shanghai aluminium prices fell for a second consecutive session on Wednesday to touch an 11-month low, pressured by a firmer dollar, a bump up in exports from China and some optimism about de-escalation in the Middle East conflict.
*FTSE 100: UK's FTSE 100 edged lower on Tuesday as falling gold prices weighed on miners, while investors assessed hawkish comments from Bank of England Deputy Governor Clare Lombardelli.
* UK CORPORATE DIARY:
ITV | ITV.L | Q3 trading update |
EasyJet | EZJ.L | Court meeting |
Taylor Wimpey | TW.L | Q3 trading update |
Fuller Smith & Turner | FSTA.L | HY results |
Vesuvius | VSVS.L | Q3 trading update |
Spirax Group | SPX.L | Q3 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 Tuhina in Bengaluru)