UK Stocks-Factors to watch on Oct. 21

Petra Diamonds

21/10/2024 06:21

Oct 21 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Monday, with futures  FFIc1  up 0.13%.
    
    * HOME PRICES: Asking prices for British homes rose only
marginally in October as more properties came onto the market,
according a survey on Monday that also suggested some buyers
were waiting for clarity on tax changes in the new government's
upcoming budget.
    * SHELL: Major energy company Shell  SHEL.L  and Singapore's
Maritime and Port Authority deployed clean-up measures after a
leak from a land-based pipeline, they said on Sunday.
    * OIL: Oil prices steadied in early trading on Monday,
following a more than 7% drop last week on worries about demand
in China, the world's top oil importer, and an easing of
concerns about potential supply disruptions in the Middle East.
    * GOLD: Gold rose to a fresh high on Monday, extending its
blazing rally amid uncertainties surrounding the U.S. election,
simmering Middle East tensions and rate cuts by major central
banks, while silver scaled a near 12-year peak.
    * METALS: Most nonferrous metals rose on Monday, boosted by
rate cuts in top consumer China and expectations of further
stimulus to spur economic growth.
    * The UK's FTSE 100 ended lower on Friday, weighed down by
British American Tobacco following its settlement to end a
tobacco lawsuit in Canada, but the blue-chip index logged weekly
gains in anticipation of a UK rate cut next month.
    
    * UK CORPORATE DIARY:   
 Petra Diamonds      PDL.L      Q1 operating update
 
        
  
    * 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 Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))