UK Stocks-Factors to watch on July 7
UK Stocks-Factors to watch on July 7 July 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0.1%.
* HSBC: HSBC HSBA.L is halting lending to riskier private credit clients, after high-profile bankruptcies cast doubt on underwriting standards in the sector and pushed banks to cut their exposure, the Financial Times reported.
* OIL: Oil prices edged higher, though gains were capped as traders looked beyond easing geopolitical tensions in the Middle East and turned their attention to supply increases and demand prospects.
* GOLD: Gold prices eased, trading below a two-week high, with investors awaiting the U.S. Federal Reserve's June meeting minutes for insight into new Chair Kevin Warsh's monetary policy direction.
* METALS: Aluminium fell slightly as the market continued to gauge supply conditions and the wider macroeconomic outlook.
* The UK blue-chip index .FTSE closed down 0.3% on Monday as losses in precious metal miners and drugmakers including AstraZeneca weighed, while easyJet topped the midcap index after agreeing to a takeover offer.
* UK CORPORATE DIARY:
Shell | SHEL.L | Q2 Quarterly update |
Victrex | VCTX.L | Q3 Trading Statement |
* 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 Anushka Chourasia in Bengaluru)