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UK Stocks-Factors to watch on Jan 9
January 9, 2017 / 6:38 AM / a year ago

UK Stocks-Factors to watch on Jan 9

Jan 9 (Reuters) - Britain's FTSE 100 index is seen opening up about
23 points, or 0.32 percent, on Monday, according to financial bookmakers.
    * The UK blue chip index closed up 14.74 points or 0.2 percent at 7,210.05
points on Friday. 
    * TATA MOTORS LTD: Britain's biggest carmaker Jaguar Land Rover (JLR)
 sold a record 583,312 cars last year as the Indian-owned firm
continues its rapid expansion with the aim of building 1 million vehicles a year
at the turn of the decade. 
    * OIL: Oil prices fell on Monday as increased exports from Iran undermined
efforts by other oil producers to curb a global fuel supply overhang and as U.S.
drillers increased activity for a 10th straight week. 
    * IRON ORE: Australia has forecast a steep decline in the price of iron ore,
its most valuable export commodity, calling an end to an unexpected rally
fuelled by strong demand from China. 
    * UK MANUFACTURING: British factory bosses are downbeat about the outlook
for the economy after last year's Brexit vote even though they expect their
sales both at home and abroad to improve in 2017, an industry survey showed on
    * UK SUPERMARKET OPERATORS: Britain's three quoted major supermarkets are
expected to report this week that they enjoyed solid Christmas trading, though
investor concern about a potential squeeze on consumer spending in 2017 means
the focus is on their outlooks. 
    * BREXIT: British Prime Minister Theresa May said on Sunday she would set
out her strategy for Brexit over the coming weeks, denying suggestions she was
"muddled" in the pursuit of what she called the right relationship with the EU.
    Britain is looking to secure privileged EU customs union access, work visas
and tax breaks for certain sectors as part of a plan to protect key industries
when it exits the European Union, the Sunday Times newspaper reported.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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 (Reporting by Vidya L Nathan in Bengaluru, Editing by Sunil Nair)

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