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UK Stocks-Factors to watch on June 13

reuters.com · 06/13/2022 00:59
UK Stocks-Factors to watch on June 13

- Britain's FTSE 100 index .FTSE is seen opening lower on Monday, with futures FFIc1 down 0.53%.

* SHELL-EQUINOR: Tanzania signed a framework agreement on Saturday with Norway's Equinor EQNR and Britain's Shell RDS A that will bring closer the start of construction of a $30 billion liquefied natural gas (LNG) export terminal, live video from the event showed. nL1N2XY05P

* FCA-CREDIT SUISSE: The UK's Financial Conduct Authority has put Credit Suisse CS on a watchlist of institutions in need of stricter supervision, the Financial Times reported, citing a letter sent in May. nL1N2XZ0FR

* CMA: Britain's competition watchdog has been asked by the government to review the retail fuel market to see whether a cut in duty has been passed onto consumers as prices at the pump hit unprecedented highs. nL8N2XZ0BI

* STAGNATION: Britain's economy faces stagnation next year and could easily fall into recession, the Confederation of British Industry (CBI) warned after it slashed its outlook for growth due to surging inflation. nL8N2XX4A8

* METAL: London aluminium prices dropped to a six-month low, as worries grew that rising COVID-19 cases in Beijing and prospects of elevated interest rates for a longer time would hammer global economic growth and dent demand for metals. nL1N2Y0067

* GOLD: Gold prices eased from a one-month high scaled earlier in the session, as red-hot U.S. inflation data lifted Treasury yields and tempered the appeal of safe-haven bullion. nL1N2Y001U

* OIL: Oil prices slipped more than $2 as a flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and economic growth further depressed the market. nL1N2Y000S

* FTSE 100: British shares fell on Friday as persistently hot U.S. inflation data exacerbated investors' fears of aggressive rate hikes, while GSK rose as its respiratory vaccine succeeded in a late-stage trial for older adults. nL4N2XX1FI

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

> Financial Times PRESS/FT
> Other business headlines PRESS/GB

(Reporting by Amna Karimi in Bengaluru)