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UPDATE 1-UK Stocks-Factors to watch on Sept. 7

Published 09/07/2020, 02:51 PM
Updated 09/07/2020, 03:00 PM
© Reuters.
UK100
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HOCM
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(Adds futures, news items)
Sept 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 49
points higher at 5,849 on Monday, according to financial bookmakers, with
futures FFIc1 seen up 0.9% ahead of cash market open.

* HOCHSCHILD: Precious metals miner Hochschild Mining HOCM.L cut its
full-year production outlook on Monday, as its operations were impacted by
ongoing COVID-19 related restrictions in Peru and Argentina. * METALS: Copper prices advanced on Monday as solid export data from top
consumer China signalled a faster and more balanced economic recovery in the
world's second-biggest economy, though gains were capped by lower-than-expected
imports. MET/L
* BREXIT: Britain has set a deadline of Oct. 15 to strike a free-trade deal
with the European Union, and if none is agreed both sides should "accept that
and move on," UK Prime Minister Boris Johnson will say on Monday. * GOLD: Gold edged higher on Monday after weak U.S. data raised concerns
over a quick economic rebound from the coronavirus-led slump and cemented hopes
that lower interest rates would last longer. * OIL: Oil prices dropped more than 1% on Monday after earlier hitting their
lowest since July as Saudi Arabia made the deepest monthly price cuts for supply
to Asia in five months while optimism about demand recovery cooled amid the
coronavirus pandemic. * The UK blue-chip index .FTSE fell 0.9% on Friday as the chance of
Britain leaving the European Union without a trade deal rose sharply, while
housebuilders tumbled amid scrutiny from the UK's competition regulator.
* 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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