UPDATE 1-UK Stocks-Factors to watch on Sept 1

Spread the love


(Adds futures, news items)

Sept 1 (Reuters) – Britain’s FTSE 100 index is seen opening 15 points lower at 5,949 on Tuesday, according to financial bookmakers, with futures seen down 0.2% ahead of cash market open.

* DUNELM: Dunelm British home furnishing retailer Dunelm said sales have been strong in the last two months and the performance this year has been ahead of its initial expectations.

* ASTRAZENECA: AstraZeneca Plc’s Imfinzi has been approved in the European Union to treat an aggressive form of lung cancer in previously untreated adult patients, the drugmaker said.

* ASTRAZENECA: AstraZeneca has expanded its agreement with Oxford Biomedica to make and supply the drugmaker’s COVID-19 vaccine candidate, in a deal that will pay the gene and cell therapy firm $15 million upfront and an additional $35 million plus other costs by the end of 2021.

* COPPER: London copper prices hit their highest in more than two years after data showed top consumer China saw a strong expansion in manufacturing activity in August.

* GOLD: Gold prices rose to their highest level in nearly two weeks, as the dollar slipped to multi-year lows on bets that U.S. interest rates would stay lower for a longer period after the Federal Reserve’s new policy framework.

* OIL: Oil prices recovered, erasing overnight losses, as investors moved into risk assets and away from the safe-haven U.S. dollar which tumbled to multi-year lows.

* The UK blue-chip index closed its second week lower on Friday as traders headed into the long weekend worried about a choppy post-pandemic economic rebound, while Greggs slipped on a report a COVID-19 outbreak had forced it to close its depot in Leeds.

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

TODAY’S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Aakash Jagadeesh Babu in Bengaluru)

Our Standards:The Thomson Reuters Trust Principles.

Comments are closed, but trackbacks and pingbacks are open.