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UK Stocks-Factors to watch on Oct 7
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UK Stocks-Factors to watch on Oct 7
Oct 6, 2024 10:15 PM

Oct 7 (Reuters) - Britain's FTSE 100 index is

seen opening higher, with futures up 0.29%.

* RIO TINTO: Rio Tinto is in talks to buy lithium

producer Arcadium Lithium ( ARLTF ), both companies confirmed on

Monday, with the global miner pouncing following a slump in

prices for the ultralight metal essential to the world's shift

to clean energy.

* INVESTMENT SUMMIT: The new British government's first

international investment summit will feature senior executives

from companies including Google, Wayve and Brookfield

Asset Management, the government said on Saturday.

* OIL: Oil prices fell on Monday after posting their

steepest weekly rise in over a year last week as oversupply

concerns amid softer demand countered the worries of a wider

Middle East war disrupting exports in the key producing region.

* METALS: London copper prices rose on Monday to hover near

the $10,000 per-metric-ton level, as market participants looked

for more demand cues following a rally sparked by Chinese

stimulus.

* GOLD: Gold prices eased on Monday as bets firmed for a

smaller U.S. rate cut in November after a surprisingly strong

jobs report, while market participants awaited inflation data

and comments from Federal Reserve officials for further cues.

* London-listed stocks were little changed at the close on

Friday, paring some earlier declines after a strong U.S. jobs

report, but ending the week in the red as investors eyed rising

conflict in the Middle East.

* UK CORPORATE DIARY:

Shell Q3 trading update

Ferrexpo ( FEEXF ) Q3 production report

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Yamini Kalia in Bengaluru)

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