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UPDATE 1-UK Stocks-Factors to watch on July 10

Published 10/07/2020, 06:39
Updated 10/07/2020, 08:06
© Reuters.
UK100
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XAU/USD
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LSEG
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CCL
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GC
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LCO
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UK100
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CL
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SNR
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Britain's FTSE 100 (.FTSE) index is seen opening lower, with futures (FFIc1) down 0.7% ahead of cash markets open.

SENIOR: British engineer Senior Plc (SNR.L) said it laid off another 12% of its staff and forecast a drop of about 30% in revenue for the first half as it deals with a steep downturn in the aerospace industry.

RETAIL: Britain's retail industry urged UK and European negotiators to reach a post-Brexit trade deal, warning that without tariff-free trade, consumers face higher prices from next year.

FOOD: British Prime Minister Boris Johnson is expected to take his first steps to tackle obesity in Britain with a ban this month on supermarket promotions of unhealthy food.

RETAIL: Britain's retail industry urged UK and European negotiators to reach a post-Brexit trade deal, warning that without tariff-free trade, consumers face higher prices from next year.

SHOPPERS: British shoppers returned to the high street in June as the coronavirus lockdown eased, but overall numbers were much lower than normal.

VACCINE SCHEME: The British government has decided not to join a European Union coronavirus vaccine scheme because of concerns there could be costly delays in securing the vaccines.

WATER REGULATOR: Britain's water regulator on Thursday proposed tightening of measures it had put in place to support retailers during the virus-led shutdown.

LSE: The London Stock Exchange (LSE.L) and other derivatives clearing houses in Britain will be granted temporary access to the European Union from January 2021.

LOCKDOWN: Theatres in England will be able to hold outdoor performances from this weekend and beauticians can reopen next week.

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OIL: Oil prices fell, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns would suppress fuel demand.

GOLD: Gold was set for a fifth straight weekly gain as worries over a spike in U.S. coronavirus cases kept the safe-haven metal near the technical $1,800-per-ounce threshold.

The UK blue-chip index (.FTSE) closed 1.7% lower on Thursday, as oil prices weakened and a rise in coronavirus cases in major global economies dented broader sentiment.

UK CORPORATE DIARY:

Carnival (CCL.L) Q2 Earnings Releases

* 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

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