Funds News

UK Stocks-Factors to watch on Oct. 29

    Oct 29 - Britain's FTSE 100 index is seen opening 8 points lower at
on Thursday, according to financial bookmakers.

    * ASTRAZENECA: Senior sources in the British government expect that a
verdict on whether Pfizer Inc-backed COVID-19 vaccine works will be
available before the results are in on AstraZeneca Plc's competing
vaccine, the Times reported.
    * STANDARD CHARTERED: Standard Chartered said third-quarter profit
slid 40% on higher credit impairment resulting from the coronavirus pandemic and
lower interest rates, although a tighter rein on costs helped it beat
    * ASTON MARTIN: British luxury car maker Aston Martin is testing
investor appetite for risky assets days before the U.S. election with a
840-million-pound junk bond sale, one of the largest deals of its kind in Europe
this year.
    * GOLD: Gold edged up after a plunge in the previous session as surging
global coronavirus cases and fears of a contested U.S. presidential election
spurred demand, although a strong dollar capped gains.
    * OIL: Oil prices rose in early trading, regaining some of the ground lost
in a 5% slump overnight, amid the prospect of tighter short-term supply with
two-thirds of U.S. output shut in the Gulf of Mexico as Hurricane Zeta slammed
    * The UK blue-chip index closed 2.6% lower on Wednesday as investors
dumped riskier assets on fears of more lockdowns and uncertainty over a British
trade deal with the EU.
    * UK CORPORATE DIARY:       
 EVRAZ Plc                             Q3 trading update
 Angle Plc                             HY earnings
 BT Group Plc                          HY earnings
 Smith & Nephew Plc                    Q3 trading statement
 WPP Plc                               Q3 trading statement
 KAZ Minerals Plc                      Q3 production report
 Indivior Plc                          Q3 earnings

    * For more on the factors affecting European stocks, please click on:
    > Financial Times                     
    > Other business headlines            

 (Reporting by Priyanshi Mandhan)


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