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UK Stocks-Factors to watch on Nov 19

Nov 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.09%.

* UK BUDGET: Britain's finance minister, Rachel Reeves, is set to boost spending on benefits in her annual budget, which will be announced next week, The Telegraph reported on Tuesday.

* PAY: Median pay settlements granted by British employers in the three months to the end of October rose to their highest so far this year at 3.3%, up from 3% in the three-month period to September.

* OIL: Oil prices fell on Wednesday as an industry report showing crude and fuel inventories rose last week in the U.S., the world's biggest crude consumer, reinforced mounting concerns that supply is exceeding demand in the market.

*METALS: Copper nudged higher after a three-day decline on Wednesday, as market participants awaited the release of delayed U.S. job data, with uncertainties over the Federal Reserve's rate decision keeping gains in check.

*GOLD: Gold edged lower on Wednesday due to a stronger dollar, while investors awaited minutes from the Federal Reserve's latest policy meeting and U.S. jobs report that could shed more light on the central bank's interest rate trajectory.

* FTSE 100:  London stocks fell on Tuesday with financials extending losses, while global markets remained wary as fading hopes of a Federal Reserve interest rate cut left investors cautious ahead of key economic data.

* UK CORPORATE DIARY:

Smiths GroupSMIN.LQ1 trading update
Severn TrentSVT.LHY results
British LandBLND.LHY results
Jet2JET2.LHY results
Sage GroupSGE.LFY results
Ithaca EnergyITH.LQ3 results
WorkspaceWKP.LHY 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 Tuhina in Bengaluru) ((tuhina@thomsonreuters.com))

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