LONDON, Nov 11 (Reuters) - Britain's FTSE 100 .FTSE is seen opening
between 13 and 16 points higher or up 0.3 percent on Wednesday according to
financial bookmakers, reversing the previous session's losses, while investors
await a key inflation report from the Bank of England.

A rise in Asian stocks, after data showed China's factory output jumped to a
19-month high in October, is seen helping sustain some positive sentiment on the
FTSE 100 but gains on the index are expected to be muted following weakness on
Wall Street overnight.

The FTSE 100 closed 0.1 percent lower on Tuesday, ending a four-session
winning run, as weakness in miners offset strength in banks after a strong
update from HSBC (HSBA.L: Quote, Profile, Research).

On the economic front, focus is likely to be on the Bank of England's
quarterly Inflation Report, due at 1030 GMT, which will contain the central
bank's latest growth and inflation forecasts.

Analysts will be looking for clues on the role played by these in its
decision to extend its quantitative easing programme by 25 billion pounds this
month.

Some labour market statistics are also set for release later in the session,
with British claimant count unemployment for October and the ILO jobless rate
for September both due at 0930 GMT.

* GLOBAL MARKETS-Asia stocks up; China data supportive [ID:nSP500566]

* US STOCKS-Wall St rally stalls but Dow ekes out gain [ID:nN1033379]

* Tokyo's Nikkei share average closes up 0.01 pct [ID:nECB001072]

* Yen rises, regains ground after dip on China data [ID:nT332886]

* TREASURIES-Prices steady after 10Y note sale [ID:nN10329161]

* Oil above $79 on bullish China data; awaits EIA data [ID:nSIN473034]

* PRECIOUS-Gold steady, remains near record high [ID:nT253284]

* METALS-Copper edges lower as China imports disappoint [ID:nSHA342299]

UK stocks to watch on Wednesday are:

GLAXOSMITHKLINE (GSK.L: Quote, Profile, Research)

The drugmaker has won U.S. marketing approval to sell an unadjuvanted H1N1
swine vaccine, allowing it to ship relatively modest amounts of scarce vaccine
to the United States next month. [ID:nLA522743 ]

ASTRAZENECA (AZN.L: Quote, Profile, Research)

The drugmakers board will consider in January whether to reintroduce share
buybacks after "an unusually good year" in 2009, during which it has slashed
debt, the drugmaker's chief executive said on Tuesday. [ID: nN10324241]

NATIONAL EXPRESS (NEX.L: Quote, Profile, Research)

The British bus operator is expected to launch its rights issue on Wednesday
of between 370 million pounds and 375 million pounds, the Financial Times
reported. [ID:nN10339971]

ROYAL DUTCH SHELL (RDSa.L: Quote, Profile, Research)

The oil firm's CEO Peter Voser said on Wednesday, investments in global
projects in 2010 will fall to $28 billion from $30-$32 billion this year due to
lower prices in the market. [ID:nSPU005126]

J SAINSBURY (SBRY.L: Quote, Profile, Research)

The supermarket chain reports first-half results.

TULLOW OIL (TLW.L: Quote, Profile, Research)

The oil explorer releases a trading update.

ROLLS ROYCE (RR.L: Quote, Profile, Research)

Deliveries of an alternate F-35 fighter engine being built by General
Electric Co (GE.N: Quote, Profile, Research) and Rolls-Royce Group PLC (RR.L: Quote, Profile, Research) will be delayed by one year,
a source familiar with the program said on Tuesday. [ID:nN10311163]

RETAILERS

British retailers are preparing themselves for another promotion-led
Christmas trading period, according to a survey published by the New West End
Company, which represents retailers in London's West End. [ID:nLA685377 ]

SCOTTISH & SOUTHERN ENERGY (SSE.L: Quote, Profile, Research)

The power company reports first-half results.

INTERNATIONAL POWER PLC (IPR.L: Quote, Profile, Research)

The power company releases a trading update.

BALFOUR BEATTY (BALF.L: Quote, Profile, Research)

The construction group releases a trading update.

GREAT PORTLAND ESTATES (GPOR.L: Quote, Profile, Research)

The property group reports first-half results.

SAVILLS (SVS.L: Quote, Profile, Research)

The real estate consultant releases a trading update.

MICRO FOCUS (MCRO.L: Quote, Profile, Research)

The software group releases a trading update.

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(Reporting by Harpreet Bhal)