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Funds News

UK Stocks-Factors to watch on Aug 19

    Aug 19 (Reuters) - Britain's FTSE 100 index is seen opening 12
points higher at 6,089 on Wednesday, according to financial bookmakers.    

    * LONDON STOCK EXCHANGE: The London Stock Exchange (LSE) has set deadlines
for this week and mid-September for indicative bids for all or parts of Borsa
Italiana to help win European Union approval for its $27 billion takeover of
data company Refinitiv, sources said on Tuesday.
    * GOLD: Gold prices edged higher on Wednesday, holding above the key $2,000
per ounce pivot, supported by a sagging dollar, while investors awaited minutes
from the U.S. Federal Reserve's last policy meeting later in the day.

    * OIL: Oil prices eased on Wednesday on concerns that U.S. fuel demand may
not recover as quickly as expected amid stalled talks on an economic stimulus
package, overshadowing a bigger-than-expected drawdown in U.S. crude stocks.

    * METALS: Copper prices rose on Wednesday, with the London contract hitting
a more than two-year high, underpinned by falling output and a weaker U.S.
dollar.
    * The UK blue-chip index was down 1% on Tuesday as lower oil prices
and lacklustre earnings reports from miner BHP and outsourcer Capita sparked a
round of profit-taking, while housebuilder Persimmon jumped after reinstating
its dividend.
    
    * UK CORPORATE DIARY:    
 Hochschild Mining            Half Year 2020 Earnings
    * For more on the factors affecting European stocks, please click on:
    
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            

 (Reporting by Tanishaa Nadkar in Bengaluru)
  

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