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UK Stocks-Factors to watch on June 10

reuters.com · 06/10/2022 01:02
UK Stocks-Factors to watch on June 10

- Britain's FTSE 100 index .FTSE is seen opening lower on Friday, with futures FFIc1 down 0.88%.

* ICAG: Luis Gallego, the chief executive of International Consolidated Airlines ICAGY, attributed the current chaos in many airports in Europe to the difficulty in finding staff as salary demands have increased. nLUN2VZ00G

* HOWDEN: British insurance firm Howden has bought U.S. reinsurance broker TigerRisk Partners to create a firm with an enterprise value of over $13 billion, it said. nL8N2XW56Y

* JOB MARKET: British employers added staff in May at the slowest pace since early 2021, according to a survey that adds to signs that the labour market is losing some of its heat. nL8N2XW33W

* METAL: Copper and other industrial metals fell on Friday, as renewed COVID-19 restrictions in top consumer China rekindled demand worries, while a stronger dollar also weighed on the market. nL1N2XX042

* GOLD: Gold edged down on Friday and was set for a weekly fall, as Treasury yields rose, with investors awaiting key monthly U.S. inflation data for cues on the future of the Federal Reserve's monetary policy. nL1N2XX03B

* OIL: Oil prices fell on Friday, but still hovered near three-month highs, with fears over new COVID lockdown measures in Shanghai outweighing solid demand for fuels in the world's top consumer United States. nL1N2XX01Q

* FTSE 100: UK's FTSE 100 slipped for a third straight session on Thursday, after the European Central Bank signalled it will hike euro zone interest rates next month for the first time in a decade. nL4N2XW1EX

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

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(Reporting by Amna Karimi in Bengaluru; Editing by Shailesh Kuber)