UK Stocks-Factors to watch on June 8
Ingredion Incorporated INGR | 0.00 |
June 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 0.5%.
* TATE & LYLE: Ingredion INGR.N is aiming to announce a deal to acquire Tate & Lyle TATE.L as soon as Monday, Bloomberg News reported, citing people familiar with the matter.
* REVOLUT: Revolut is aiming to sell at least $750 million worth of shares in a secondary sale that is set to kick off next week, The Information reported, citing a person with knowledge of the discussions.
* JOBS: Britain's jobs market cooled rapidly in May after employers put the brakes on permanent hiring after the Iran war heightened cost pressures and uncertainty about the economic outlook, an industry survey showed.
* PAY: Pay settlements awarded by British employers held steady in the three months to April despite an increase in the country's minimum wage, according to a survey.
* OIL: Brent oil prices jumped more than $3 a barrel on Monday, initially spooked by Israel's launch of renewed strikes on Lebanon a day earlier, but also gaining further steam after sounds of explosions were heard in Iran.
* METALS: London copper remained near one-week lows, weighed by weaker Chinese prices and growing expectations that strong U.S. jobs data and higher oil prices could push the Federal Reserve toward rate hikes.
* GOLD: Gold prices extended losses on rising fears of a U.S. rate hike after a strong jobs report, while renewed hostilities in the Middle East pushed oil prices higher and fanned inflation concerns.
* FTSE: UK's FTSE 100 closed up on Friday, bucking a risk-off mood in other global markets, as investors took comfort from data suggesting that inflationary pressures from the Middle East war may be less severe than feared.
* For more on the factors affecting European stocks, please click on: LIVE/
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