Nov 1 (Reuters) - Britain's FTSE 100 index is

seen opening higher on Friday, with futures up 0.14%.

* UK BONDS: British government bond prices tumbled for a

second day on Thursday as investors judged finance minister

Rachel Reeves' first budget would boost inflation and cause the

Bank of England to cut interest rates more slowly.

* BABY FORMULA TRIALS: Abbott and Reckitt

unit Mead Johnson are not responsible for a young boy's

debilitating intestinal disease, a jury found on Thursday in a

lawsuit accusing them of failing to warn of their premature baby

formulas' risks, a victory for the two companies following large

losses in similar trials.

* OIL: Oil prices extended gains on Friday, climbing more

than $1 a barrel to pare weekly losses, as geopolitical tensions

in the Middle East rose following reports that Iran was

preparing a retaliatory strike on Israel from Iraq in the coming

days.

* GOLD: Gold traded little changed as investors refrained

from taking big positions ahead of the U.S. payrolls data that

could provide further clues about the Federal Reserve's interest

rate outlook.

* METALS: London copper edged up as a softer U.S. dollar

made greenback-priced metals cheaper to holders of other

currencies, but was set for a weekly decline amid caution ahead

of the U.S. presidential election and a key policy meeting in

China.

* The UK's main stock indexes fell to a near three-month low

on Thursday as investors scaled back bets of rate cuts from the

Bank of England (BoE) following Britain's new big-spending

budget plans which has revived worries about inflation.

* 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)