UK Stocks-Factors to watch on November 6

Frasers

Yesterday 05:35

Nov 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 1.1%.
 
* HSBC: HSBC HSBA.L, 0005.HK, Europe's largest bank, said it plans to issue $1.5 billion of perpetual subordinated contingent convertible securities to strengthen its capital base and for general corporate purposes.
* FRASERS: Frasers Group FRAS.L said it would buy back up to £100 million ($134.89 million) worth of its shares from MASH Holdings, through a directed trading programme.
* OIL: Oil prices were set on Friday for a sharp weekly drop on expectations of a de-escalation of the Iran war after US President Donald Trump's party suffered election losses, but Middle East supply concerns from the conflict continue to provide a floor for the market.
* GOLD: Gold prices eased as a rebound in oil prices fanned inflation worries and bolstered higher-for-longer interest rate expectations, though bullion remained on track for a weekly gain as investors awaited key US payrolls data later in the day.
* METALS: Copper dropped and was set for its biggest weekly drop in London since March, as a rout in technology stocks battered markets.
* FTSE 100: Britain's FTSE 100 slipped on Thursday as losses in bank and defence stocks weighed, while the Bank of England raised interest rates for the first time in more than three years.
     
* UK CORPORATE DIARY:
IAG
ICAG.L
Q3 results
Rightmove
RMV.L
FY trading update
TBC Bank
TBCG.L
Q3 results

* 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 Krisha Bhatt in Bengaluru)
 ((krisha.bhatt@thomsonreuters.com))