CORRECTED - UK Stocks -- Factors to watch on Tues Nov 16
(Corrects desciption of Oxford Instrument's business)
LONDON, Nov 16 (Reuters) - Britain's FTSE 100 .FTSE index was seen opening down 20-33 points, or as much as 0.6 percent on Tuesday, according to financial bookmakers, retreating after overnight declines on Wall Street and in Asia, with investors awaiting British inflation numbers.
The blue-chip index closed 23.54 points, or 0.4 percent, higher on Monday at 5,820.41, supported by a recovery from commodity issues and banks, and with better-than-expected U.S. retail sales numbers providing a boost to global recovery hopes.
U.S. stocks, however, reversed early gains to end mostly lower as the strong data raised concerns the Federal Reserve may scale back efforts to stimulate the economy, although muted optimism over two big takeover bids just kept U.S. blue chips .DJI positive.
Asian stocks were lower on Wednesday, with Japan's Nikkei .N225 falling on profit taking after earlier climbing to five-month highs when a rising dollar curbed the yen's strength.
The dollar dipped back against the euro and yen after New York Fed President William Dudley said the need for the Fed to exit current policies could be "years away". [ID:nTKW007175]
Britain's global influence was not in decline but the country must repair its economy quickly to remain a leading actor on the world stage, Prime Minister David Cameron said. [ID:nLDE6AE29E]
The British economic focus on Tuesday will be headline CPI, forecast up 0.2 percent in October after being unchanged in the previous month, with the year-on-year increase seen steady at 3.1 percent.
In the afternoon, U.S. wholesale inflation figures will be a focus, with October's PPI seen up 0.8 percent after a 0.4 percent increase in September, giving a year-on-year rise of 4.6 percent, up from 4.0 percent previously.
U.S. home sales will also be a feature, with the release of November's NAHB index at 1500 GMT.
Investors will also keep a close eye on Ireland. Meeting in Brussels on Tuesday, the euro zone finance ministers will try to find a way to ease Ireland's debt crisis, while the country continues to resist pressure to seek a state bailout by signalling that only its banks may need help. [ID:nLDE6AF02E]
* GLOBAL MARKETS-Irish debt woes weigh on euro, stocks [ID:nSGE6AE12R]
* Wall St edges lower as Fed concerns offset M&A [ID:nLDE6AF01S]
* Nikkei eases from 5-month high but yen supports [ID:nTOE6AF02G]
* Dollar falls vs euro after comment by Fed's Dudley [ID:nTKW007175]
* Oil falls below $85 on stronger U.S. dollar [ID:nSGE6AF05S]
* Copper eases; capped near term by China policy risk [ID:nSGE6AF05T]
* Gold steady; European debt, margin hike weigh [ID:nSGE6AF073]
* TREASURIES-Pick up in Asia but sentiment shaky [ID:nTOE66S064]
Stocks to watch on Tuesday are:
BHP BILLITON (BLT.L)
The global miner has not given up on large acquisitions and does not regret spending $875 million pursuing three massive deals that failed over the past two years, its chairman, Jac Nassar said on Tuesday. [ID:nSGE6AF04M]
Nassar also said BHP Billiton will consider further share buybacks, but not before February, when it releases its first-half results. [ID:nSYU010685]
The world's fourth largest nickel miner, will reactivate its Sinclair nickel mine in Australia after suspending operations due to the global financial crisis, Shaun Usmar, Xstrata's Chief Financial Officer for nickel operations told Reuters on the side of a nickel industry conference. [ID:nSDYGME6CI]
ROLLS ROYCE (RR.L)
The engine maker has asked Airbus EAD (EAD.PA) to return some Airbus A380 engines from production lines so it can use them to replace faulty ones on airplanes already in service. [ID:nSGE6AF029]
The drugmaker has hired JPMorgan Chase & Co (JPM.N) to help it sell Astra Tech, a Swedish unit that makes dental implants and medical devices, for about $2 billion, a source familiar with the situation said on Monday. [ID:nN15278762]
JOHN WOOD GROUP (WG.L)
Haillburton (HAL.N)is on the verge of bidding 3.1 billion pounds or 595 pence per share for the oil and gas services contractor, the Daily Mail's Market Report said.
BRITISH LAND (BLND.L)
The real estate firm posts first-half results.
The luxury goods group reports first-half results.
C&W WORLDWIDE CWP.L
The telecoms firm delivers first-half results.
The beverage can manufacturer issues a trading update.
SMITHS GROUP (SMIN.L)
The engineer holds its annual general meeting.
The broadcaster issues a third-quarter trading update.
TALKTALK TELECOM (TALK.L)
The telecoms provider posts first-half results.
ENTERPRISE INNS (ETI.L)
The pubs operator reports full-year results.
The discount airline posts full-year results.
PREMIER OIL (PMO.L)
The North Sea oil explorer issues a trading update.
JOHN MENZIES (MNZS.L)
The distribution group issues a trading update.
HSBC INFRASTRUCTURE (HICL.L)
The infrastructuere investor posts first-half results.
The inhaled drugs delivery group posts first-half results.
OXFORD INSTRUMENTS (OXIG.L)
The high-tech research tools firm reports first-half results.
The engineer reports first-half results.
HYDER CONSULTING (HYC.L)
The enviromental consultancy reports first-half results.
DUNELM GROUP (DNLM.L)
The retailer holds its annual general meeting.
The biotech group holds its annual general meeting.
(Reporting by Jon Hopkins; Editing by Dan Lalor)
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