March 13, 2020 / 5:31 AM / a month ago

UK Stocks-Factors to watch on March 13

    March 13 - Britain's FTSE 100 index is seen opening up 66 points on
Friday, according to financial bookmakers.
    * BORIS JOHNSON ON VIRUS: Prime Minister Boris Johnson warned on Thursday
that many more families would see their loved ones die from coronavirus, as the
government's chief scientific adviser said Britain likely has as many as 10,000
people infected.
    * SAUDI ARABIA:  Saudi Arabia has stepped up efforts to squeeze Russia's
Urals oil grade out of its main markets by offering its own cheap barrels
instead after their long-standing deal to support global oil prices fell apart,
seven oil sources said.
    * BT: Britain's biggest telecoms group BT said its CEO Philip Jansen
tested positive for COVID-19 on Thursday, a latest high-profile figure to be
affected by the spread of coronavirus.
    * OIL: Oil fell a third day as the horror show for crude investors continued
on Friday amid panic about evaporating demand from the coronavirus pandemic,
with Brent set for its biggest weekly loss since 1991 and U.S. crude heading for
its worst week since 2008.
    * GOLD: Gold prices extended losses on Friday and were set for their
steepest weekly decline in nearly seven years as traders sold bullion to finance
margin calls in other assets hammered by panic over the coronavirus.

    * London's FTSE 100 index crashed 10.9% on Thursday's close to
levels not seen since the 2012 on Thursday after the European Central Bank's
stimulus package underwhelmed markets and added to alarm caused by a U.S. curb
on European travellers.
    
    * UK CORPORATE DIARY:   
 NMC Health                           Q4 2019 Earnings Release
 Fidelity European        FEV.L       FY Results
 Values                               
 
    
    * For more on the factors affecting European stocks, please click on:
    
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            

 (Reporting by Aniruddha Ghosh in Bengaluru; Editing by Shailesh Kuber)
  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below