UK Stocks -- Factors to watch on June 19

LONDON, June 19 (Reuters) - Britain's FTSE 100 .FTSE was seen up around
0.3 percent on Friday after upbeat U.S. factory and jobs data sparked renewed
hope that the global economy is recovering from recession, lifting shares in
Asia and on Wall Street.

Financial bookmakers predicted that Britain's blue-chip index would climb
between 11 and 15 points after closing 2.4 points higher at 4,280.86 the
previous session.

A slowing pace of contraction in the Philidelphia Federal Reserve's regional
guage of manufacturing and a rise in the expectations index to its highest since
September 2003 comforted investors.

However moves are seen as muted as market participants were set to be
cautious towards the end of the second quarter and volatility was likely to be
high as index futures, index options and stock options expire on the same day.

Bank of England Governor Mervyn King was quoted as saying on Friday that
there have been recent signs that the pace of decline in the British economy is
levelling off but it is too soon to draw strong conclusions from that.

In an interview published on the Southern Daily Echo newspaper's website,
King was quoted as saying: "We are seeing now some signs that the rate at which
outlook was falling is beginning to flatten off but I don't think anyone should
draw strong conclusions."

* Dow, S&P end 3-day drop on data, financials [ID:nN18415261]

* Asia stocks snap 4-day slide, bond yields up [ID:nHKG96712]

* Nikkei edges up 0.3 percent, Elpida Memory rises [ID:nT99534]

* FOREX-Majors hold steady as focus on FOMC sharpens [ID:nT95928]

* Oil pauses above $71 after rise on economic hopes [ID:nSIN448845]

* Long-end JGBs sag on Treasuries, Nikkei rise [ID:nT96772]

* Gold mostly flat above $930, ETF unchanged [ID:nT99027]

* Shanghai copper steady as spot buying supports [ID:nSHA322069]

UK stocks to watch on Friday are:

XSTRATA (XTA.L)

Glencore, the Swiss-based commodities trader, which owns over a third of
UK-listed miner Xstrata was in initial talks with bankers about a flotation the
Financial Times quoted an unnamed banker as saying. [ID:nLJ554107]

BT GROUP (BT.L)

The telecoms group is trying to farm out some of its workers to rivals in
the latest attempt by a big British company to trade through a recession with as
few compulsory redundancies as possible, the Times said.

BARCLAYS (BARC.L)

The bank is facing intensifying pressure to sell off or ring-fence its
Barclays Capital division amid calls for a regulatory crackdown on "casino"
banking, the Daily Mail said.

PROPERTY COMPANIES, RETAILERS

Rents across the UK's high streets and shopping centres are set to drop by
almost a fifth between now and the end of next year, the Financial Times cites
the annual midsummer report from property consultancy Colliers CRE as saying.

TAYLOR WIMPEY (TW.L)

The building materials company holds its AGM.

TODAY'S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

(Reporting by Simon Falush)