July 28, 2020 / 5:04 AM / 7 days ago

UK Stocks-Factors to watch on July 28

    July 28 (Reuters) - Britain's FTSE 100 index is seen opening 16
points higher at 6,121 on Tuesday, according to financial bookmakers.
    * HSBC: HSBC aims to double the number of Black staff in
senior roles by 2025, Chief Executive Noel Quinn said in an internal memo, as
the bank attempts to take action against discrimination and create opportunities
for advancement in the wake of the Black Lives Matter movement.
    * RIO TINTO: Rio Tinto Ltd said on Monday it discovered gold-rich
deposits at its Winu project in Western Australia and indicated the potential
for a major new copper and gold mine in the region.
    * GOLD: Gold jumped more than 1.5% to hit a record and marched towards the
$2000 level on Tuesday, boosted by a weaker dollar and expectations of a long,
dovish stance from the U.S. Federal Reserve as economic pain from the COVID-19
pandemic grows.
    * OIL: Oil prices rose for a third straight day on Tuesday, buoyed by
support for demand coming from efforts to stimulate the U.S. economy's recovery
from the coronavirus crisis and a weakening of the dollar that makes crude
cheaper for global buyers.
    * The UK blue-chip index  closed down 0.3% on Monday, as miners
 rallied after gold prices scaled all-time highs, while copper
prices also rose.
    
    * UK CORPORATE DIARY:       
    
 Virgin Money UK Plc                          Q3 trading statement
 Moneysupermarket.com Group Plc               HY earnings release
 Mitie Group Plc                              Q1 trading update
 Reckitt Benckiser Group Plc                  HY earnings release
 St. James Place Plc                          Q2 New business announcement
 Card Factory Plc                             Strategy briefing
 Elementis Plc                                HY earnings release
 
    * For more on the factors affecting European stocks, please click on:
    
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            

 (Reporting by Samantha Machado in Bengaluru; editing by Uttaresh.V)
  
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