UK Stocks-Factors to watch on June 23

Tamboran Resources

23/06/2023 05:50

June 23 (Reuters) - Britain's FTSE 100  .FTSE  index is
expected to open lower on Friday, with futures  FFIc1  down
0.27%.
    
    * CONSUMER SENTIMENT: British consumer sentiment hit its
highest level since January 2022 as households turn more
optimistic about their finance and economy, despite stubborn
inflation and rising interest rates, market research firm GfK
said.
    * LNG: Australia's Tamboran Resources  TBN.AX  announced two
non-binding agreementsto supply 4.4 million tonnes of liquefied
natural gas a year to BP  BP.L  and Shell  SHEL.L  from its
proposed Northern Territory LNG (NTLNG) project.
    * OIL: Oil prices fell for a second straight session and
were headed for a weekly decline of more than 3% on Friday, as a
higher-than-expected interest rate hike in Britain and warnings
about looming rate rises in the U.S. ignited concerns over
demand.
    * GOLD: Gold prices on Friday were on track for their
biggest weekly loss since February, as prospects of additional
interest rate hikes by the U.S. Federal Reserve this year
supported the dollar, pushing zero-yield bullion to an over
three-month low.
    * British equities slipped in broad-based declines on
Thursday after the Bank of England delivered a
bigger-than-expected half a percentage point rate hike, while
Ocado shares jumped after a report on speculation about bid
interest in the online grocer.
    
    
    
    * For more on the factors affecting European stocks, please
click on:  LIVE/ 
    TODAY'S UK PAPERS
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 (Reporting by Radhika Anilkumar in Bengaluru)
 ((Radhika.Anilkumar@thomsonreuters.com))