UK Stocks-Factors to watch on June 19

Indus Towers

19/06/2024 05:52

June 19 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Wednesday, with futures  FFIc1  down
0.15%. 
    
    
    * ANGLO AMERICAN: Anglo American's  AAL.L  copper output at
its Los Bronces mine in Chile is expected to fall nearly a third
from average historical levels next year as the miner pauses a
processing plant for maintenance, the company's Chile head said.
    * SHELL: Shell  SHEL.L  closed a 56,300-barrel-per-day (bpd)
hydrocracking unit at its Pernis oil refinery in the
Netherlands, consultancy Wood Mackenzie reported.
    * BARCLAYS: Barclays  BARC.L  said it will cut about 100
million pounds ($127 million) of annual costs from its UK
corporate banking business by 2026, under broader plans by the
British bank to ramp up lending at the under-achieving division.
    * VODAFONE: Vodafone Group  VOD.L  has raised its stake sale
in India's Indus Towers  INUS.NS  to nearly 18% for up to $2
billion from about 10% earlier, according to a term sheet seen
by Reuters.
    * OIL: Oil prices held steady during trade on Wednesday, as
the market weighed concerns over escalating conflict in Europe
and the Middle East with demand worries following an unexpected
build in U.S. crude inventories.
    * GOLD: Gold prices edged higher on Wednesday after softer
U.S. retail sales data boosted expectations that the Federal
Reserve will cut interest rates this year.
    * METALS: Copper prices rose on Wednesday, supported by
supply worries and a soft U.S. dollar, although gains were
capped by concerns about demand from top consumer China.
    * London's FTSE 100 bounced back on Tuesday, with investors
optimistic ahead of key domestic inflation data and the Bank of
England's policy decision this week, while strength in
Hargreaves Lansdown added to gains. 
    
    
    * UK CORPORATE DIARY:  
 Berkeley Group   BKGH.L          FY results
 
    
    
        
  
    * For more on the factors affecting European stocks, please
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 (Reporting by Radhika Anilkumar in Bengaluru)
 ((Radhika.Anilkumar@thomsonreuters.com;))