UK Stocks-Factors to watch on July 13
UK Stocks-Factors to watch on July 13 July 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 0.2%.
* GLENCORE: Democratic Republic of Congo's tax authorities sealed the offices of Glencore's GLEN.L Kamoto Copper over a dispute concerning alleged tax liabilities, Bloomberg News reported.
* OIL: Oil prices surged over 4% as energy shipments via the Strait of Hormuz remained under threat, with the U.S. and Iran announcing renewed military strikes.
* METALS: Copper prices fell, as fighting escalated between the U.S. and Iran, with Tehran saying it had closed the vital energy corridor of the Strait of Hormuz once again.
* GOLD: Gold slid over 1% as fears of a closure of the Strait of Hormuz drove oil prices sharply higher, reviving expectations of elevated interest rates to combat inflationary pressures from escalating hostilities in the Middle East.
* FTSE: London's FTSE 100 closed higher on Friday as communications stocks took the lead, with Vodafone jumping after French tycoon Xavier Niel became the company's biggest shareholder, though the index suffered a weekly fall.
* UK CORPORATE DIARY:
Pagegroup | PAGE.L | Q2 Trading Update |
Oxford Nanopore | ONT.L | HY Trading Update |
Grafton Group | GFTU_u.L | Trading Update |
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
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(Compiled by Neeshita Beura in Bengaluru)
((Neeshita.Beura@thomsonreuters.com))