Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

UK Stocks-Factors to watch on July 8

Published 07/08/2020, 01:29 PM
Updated 07/08/2020, 01:30 PM
© Reuters.

Britain's FTSE 100 .FTSE index is seen opening 24 points lower at 6,166 on
Wednesday, according to financial bookmakers.

* FINANCE: British finance minister Rishi Sunak will announce a new scheme
to stave off youth unemployment as he attempts to revitalise the
economy. * ECONOMY: Further waves of the novel coronavirus are surely on the way and
they will be one of the determinants of Britain's economic outlook, Bank of
England Chief Economist Andy Haldane said. * SHELL: Royal Dutch Shell Plc RDSa.L is weighing the sale of its 211,146
barrel-per-day (bpd) Convent, Louisiana, refinery, sources familiar with plant
operations said. * BOOHOO: Retailers Next Plc NXT.L , Zalando SE ZALG.DE and Amazon.com
Inc AMZN.O are delisting products made by Britain's Boohoo Group Plc BOOH.L
following a media report about dire working conditions in an English factory
that supplied the popular brand. * JOBS: The collapse in Britain's labour market eased only slightly last
month, according to a survey from the Recruitment and Employment Confederation
(REC) industry body which warns that a "jobs crisis" is underway. * OIL: Oil prices eased in early trade as industry data showing a build in
U.S. crude stockpiles and a forecast for U.S. crude output to fall less than
anticipated in 2020 added to worries about oversupply. * GOLD: Gold steadied near a more than eight-year high, as worries over
surging COVID-19 cases and hopes of more stimulus measures from the U.S. Federal
Reserve lifted demand for the safe-haven metal. * The UK blue-chip index .FTSE fell 1.5% on Tuesday, as a surge in U.S.
coronavirus cases turned investors away from riskier trades. UK CORPORATE DIARY:
U and I Group UAI.L FY Earnings Releases
Liontrust Asset Management LIO.L FY Earnings Releases
FirstGroup FGP.L FY Earnings Releases
Victrex VCTX.L Interim management statement

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

* 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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.