UK Stocks-Factors to watch on June 3
UK Stocks-Factors to watch on June 3 June 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening marginally higher on Wednesday, with futures FFIc1 up 0.02%.
* BP: BP BP.L held advanced talks to sell its UK North Sea assets to Ithaca Energy ITH.L in a deal worth nearly £2 billion, the Financial Times reported citing people familiar with the matter.
* OIL: Oil prices rose, extending gains from the previous session, as hostilities in the Middle East erupted anew with Iran firing missiles at Kuwait and Bahrain, while diplomatic talks between Iran and the U.S. showed little progress.
* METALS: Copper slipped as investors locked in profit after prices touched a two-week high, while uncertainty around a U.S. tariff on the metal limited losses.
* GOLD: Gold prices held steady as investors watched out for developments in the Middle East amid rising inflation fears and awaited upcoming US economic data.
* FTSE: The UK's blue-chip FTSE 100 climbed on Tuesday, led by gains in cyclical sectors such as miners and banks, while investors watched for signs of progress in talks to end the Iran war.
* UK CORPORATE DIARY:
B&M | BMEB.L | FY results |
Ninety One | N91.L | FY results |
discoverIE Group | DSCV.L | FY 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 Neeshita Beura in Bengaluru)