UK Stocks-Factors to watch on Aug. 21

Mobico

21/08/2024 05:36

Aug 21 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening flat on Wednesday, with futures  FFIc1  largely
unchanged. 
    
    * PAY AWARDS: Pay awards granted by British employers fell
during the three months to July, according to a survey that
chimed with Bank of England forecasts for slowing wage growth.
    * GOLD: Gold took a breather after hitting an all-time high
in the previous session on U.S. rate-cut optimism, as investors
awaited minutes of the Federal Reserve's latest meeting and
Chair Jerome Powell's speech for clarity on the depth of cuts.
    * OIL: Oil prices slipped on estimates showing swelling U.S.
crude inventories and expectations that tensions in the Middle
East were easing following a tour of the region by mediators.
    * METALS: Aluminium prices in London pulled back, snapping a
seven-day rally, after traders locked in some profits and also
assessed higher supply and weak demand from top consumer China.
    * FTSE: The UK's FTSE 100 ended 1% lower on Tuesday, as a
third straight day of falling crude prices weighed on energy
stocks, and BT dropped to the bottom of FTSE 100 after rival
CityFibre struck a deal with Sky.
    
    * UK CORPORATE DIARY:   
 Mobico       MCG.L      HY 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 

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))