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UK Stocks-Factors to watch on June 3

Stock Markets Jun 03, 2020 06:39
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© Reuters.

June 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 1%.

* UK/EU: Britain wants binding commitments from the European Union on financial market access to avoid the country's finance industry suddenly being cut off from the bloc, a request Brussels has rejected, EU officials and diplomats said.

* OFGEM: Britain's energy market regulator Ofgem set out on Tuesday a scheme to make a total of 350 million pounds ($440 million) available to support energy suppliers that do not have an investment grade credit rating.

* GOLD: Gold traded steady after snapping a three-session winning streak in the previous day, as a rally in equity markets on hopes of more stimulus offset some support from a weaker dollar. GOL/

* OIL: Oil rose, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and a recovery from the coronavirus pandemic will spur fuel demand. O/R

* METALS: London copper prices fell from their highest in 2-1/2 months, as worries whether demand for the metal can be sustained hit recent gains in prices. MET/L

* UK shares ended at near three-month highs on Tuesday amid continued bets on government stimulus and easing lockdowns helping a swifter economic recovery from the coronavirus crisis.

UK CORPORATE DIARY:

Chemring Group CHG.L

Interim Results Vertu Motors VTU.L

FY results SSP Group SSPG.L

Interim results

* For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

UK Stocks-Factors to watch on June 3
 

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