UK Stocks-Factors to watch on April 11
11/04/2024 05:41
April 11 - Britain's FTSE 100 .FTSE index is seen
opening higher on Thursday, with futures FFIc1 up 0.26%.
* BOE: Bank of England policymaker Megan Greene said that
markets now expect that BoE will cut rates earlier and by more
than the Federal Reserve this year, Financial Times reported.
* HOUSING MARKET: Britain's housing market last month saw
the strongest levels of interest among buyers in more than two
years and a gauge of house prices also touched its highest since
2022, a survey showed.
* PRICING: Almost half British firms plan to raise their
prices over the coming year as they struggle with high wage
bills, according to a survey.
* LLOYD'S OF LONDON: The Lloyd's of London SOLYD.UL
insurance market's environmental, social and governance
standards are weak, as its members have exposure to fossil fuel
projects and weapons, non-profit ShareAction said in a report.
* OIL: Oil prices extended gains as investors braced for a
worsening of the Middle East crisis, potentially involving Iran,
the third-largest oil producer in OPEC.
* GOLD: Gold prices climbed, recouping losses from the
previous session, as geopolitical tensions bolstered demand for
the safe-haven metal.
* METALS: London copper prices were back on an uptrend
supported by firm market fundamentals and a retreat in the U.S.
dollar.
* EX-DIVS: Lloyds Banking Group LLOY.L , Reckitt Benckiser
RKT.L , Aviva AV.L , Barratt Developments BDEV.L , Howden
Joinery HWDN.L , Smurfit Kappa SKG.I , Phoenix Group PHNX.L
and F&C Investment Trust FCIT.L will trade without entitlement
to their latest dividend pay-outs on Thursday.
* FTSE: UK equities closed Wednesday's volatile session
higher as investors pondered the outlook for global rates after
hotter-than-expected U.S. inflation data tempered expectations
the Federal Reserve would cut rates several times this year.
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
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(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))