UK Stocks -- Factors to watch on June 16

Related Topics

Tue Jun 16, 2009 1:52am EDT

 LONDON, June 16 (Reuters) - Britain's FTSE 100 .FTSE is seen opening
little changed on Tuesday, unable to make up ground after a sharp slide in the
previous session as investor risk appetite evaporated.
 The UK blue-chip index is seen opening steady to 4 points lower after
closing 2.6 percent or 115.94 points down at 4,326.01 on Monday, its lowest
close in six week as energy and mining stocks tumbled on lower commodity prices.
 An already lower UK market fell further late on Monday after the New York
Fed's Empire State index showed the factory sector shrank at a much more severe
rate in June than the previous month while U.S. home builder sentiment also fell
in June.
 Asian stocks followed their European and U.S. counterparts lower, with
Japan's Nikkei 225 .N225 falling 2.5 percent as car giant Honda (7267.T) slid,
and the MSCI index of Asia Pacific stocks outside Japan .MIAPJ0000PUS fell 2
percent, hit by weakness in materials stocks.
 The central banks of Japan and Australia  reported signs of improvement in
their economies but the poor data and an IMF warning that governments still have
much to do has hit confidence and pressured equity markets.
 Commodity stocks are likely to be under pressure once again as metal and
crude prices continued their retreat.
 Investors will closely examine a trading update from Tesco (TSCO.L) to see
how the supermaket group is faring in the recession, while the latest UK
inflation data, due at 0830 GMT, could also have a big influence on market
direction.
 * Wall St sees worst day in a month on resources, data        [ID:nN15237800]
 * Nikkei extends losses, resource shares nailed                  [ID:nT25928]
 * Copper slides on weak U.S. data, stronger dollar             [ID:nLF413529]
 * GLOBAL-Stocks fall, bonds rise as risk is assessed           [ID:nSP470185]
 * TREASURIES-Bond prices rally as poor data drives safety bid  [ID:nLG608185]
 * Gold recovers to $930/oz, ETF unchanged                        [ID:nT35404]
 * Oil falls for 3rd day towards $70 as dollar firms           [ID:nSIN445828]
 
 UK stocks to watch on Tuesday are: 
 
 TESCO (TSCO.L)
 The supermarket group releases a trading update.
 
 INDEPENDENT NEWS & MEDIA (INME.L)
 The publisher has brought in leveraged finance advisory firm North Sea
Partners to help negotiate its debt pile, people familiar with the matter said
on Monday. [ID:nLF189704]
 
 WHITBREAD (WTB.L)
 The company releases a trading update. 
 
 TED BAKER TBK.L
 The company releases a trading update.
 
 TODAY'S UK PAPERS
 > Financial Times                      [PRESS/FT]
 > Other business headlines             [PRESS/GB]
 
 (Reporting by Simon Falush)







Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.