April 24, 2017 / 5:39 AM / 7 months ago

UK Stocks-Factors to watch on April 24

    April 24 (Reuters) - Britain's FTSE 100 index is seen opening up 39
points at 7,153 on Monday, according to financial bookmakers.
    * RIO TINTO: Freeport McMoRan Inc collected a permit to resume
copper exports from Indonesia on Friday after a hiatus of more than three
months, hours after a state visit by U.S. Vice President Mike Pence, who
discussed the copper miner's dispute with Jakarta.
    * IPIC/1MDB: The Malaysian government on Saturday reached an agreement to
pay Abu Dhabi $2.5 billion as partial debt settlement for embattled government
fund 1Malaysia Development Bhd            according to a report by Bloomberg. (bloom.bg/2pnLNC6)
    * BT: British Telecom has filed a criminal complaint with Italian
prosecutors over an accounting scandal at its Italian unit and has handed them
computer records and also dispatched its head of compliance to Milan to give
    * RR: Aircraft engine maker Rolls-Royce has expressed interest in
manufacturing small aircraft engines along with Indian companies as part of
Prime Minister Modi's Make in India project, the Economic Times reported Monday.
    * BRITISH ELECTIONS: British Prime Minister Theresa May refused on Saturday
to rule out an increase in personal taxes if she wins a June election, riling
supporters at the start of a campaign designed to strengthen her hand ahead of
Brexit talks.
    * EMA: Europe's drugmakers pushed for a decision as early as June on the new
location for the headquarters of the bloc's medicines watchdog, which will
relocate from London after Britain's decision to leave the EU.
    * BOE: Bank of England policymaker Michael Saunders on Friday opened the
possibility that he will soon join a minority calling for higher interest rates,
predicting that both growth and inflation could well exceed the BoE's earlier
    * GOLD:  Gold hits its lowest in nearly two weeks on Monday after centrist
candidate Emmanuel Macron won the first round of French presidential election,
boosting stocks and sparking a sell-off in the safe-haven bullion. Spot gold
 was down 0.7 percent at $1,275.46 per ounce by 0342 GMT.
    * OIL: Oil prices recovered ground on Monday following last week's big
losses, driven by expectations that OPEC will extend a pledge to cut output to
cover all of 2017, although a relentless rise in U.S. drilling capped gains.
Brent crude futures rose 30 cents, or 0.6 percent, to $52.26 per barrel.

    * British shares inched lower on Friday, scoring their worst weekly losses
since early November after Tuesday's surprise call for an national election
caused equities to fall. The FTSE 100 fell 0.1 percent, ending the week
with a fall of 2.9 percent.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 Nasstar Plc                    Full Year 2016 Earnings 
 Anglo American Plc             Q1 production
    > Financial Times                     
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 (Reporting by Sanjeeban Sarkar in Bengaluru)

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