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UK Stocks-Factors to watch on June 4

Published 06/04/2020, 01:13 PM
Updated 06/04/2020, 01:20 PM
© Reuters.
UK100
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EZJ
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PNN
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IGG
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ICGIN
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CCL
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RWI
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YNGa
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June 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen
opening 8 points lower on Thursday, according to financial
bookmakers.

* BANKS: Hong Kong-listed shares of HSBC and Standard
Chartered rose after the banks backed China's imposition of a
national security law on the city, even as a pro-democracy and
newly formed financial workers' union criticized the move.
* CAR SALES: British car sales edged up in May after falling
to their lowest since 1946 in April, but still remained almost
90% below their level a year earlier as coronavirus restrictions
limited sales. * MONZO: British digital bank Monzo is cutting up to 120
jobs, according to an internal note seen by Reuters on
Wednesday, as the impact of the coronavirus pandemic on its
business begins to bite. * FTSE REBALANCE: Britain's FTSE Russell has confirmed that
EasyJet EZJ.L and cruise operator Carnival CCL.L will exit
Britain's top blue-chip share index .FTSE , as the value of
their stock dropped below the required threshold due to the
coronavirus. * GOLD : Gold prices gained from last session's fall on
lingering political tensions and a weaker dollar. GOL/
* OIL: Oil prices fell on concerns that supply will rise if
major producers are unable to agree to extend the depth of
output cuts that have supported recent gains. O/R
* UK shares closed at three-month highs on Wednesday as
better-than-expected data from the world's two largest economies
pointed to an ongoing economic recovery from the coronavirus.

* UK CORPORATE DIARY:
Pennon Group PNN.L FY results
IG Group Holdings IGG.L Trading statement
Renewi Plc RWI.L FY results
Intermediate Capital Group ICP.L FY results
Young & Co's Brewery YNGa.L FY 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

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