UK Stocks -- Factors to watch on June 22

LONDON, June 22 (Reuters) - Financial bookmakers diverge on
their calls for Britain's FTSE 100 .FTSE index on Monday,
seeing it down as much as 5 points or up as much as 11 points,
as a late fall back on Wall Street on Friday is countered by
gains in Asia and consolidation moves among heavyweight miners.

The UK blue-chip index closed 65.07 points, or 1.5 percent,
higher on Friday at 4,345.93 buoyed by a recovery from commodity
issues after recent falls.

Strength in commodity issues is expected to carry over to
Monday with news that Xstrata (XTA.L) is seeking a merger of
equals with Anglo American (AAL.L) likely to give the sector a
shot in the arm, although weakness in metals and oil prices
could temper the gains. [ID:nLL443532]

Meanwhile, asking prices for homes in most of Britain fell
in June after four months of rises, but the annual rate of
decline moderated to an eight-month low, property website
Rightmove said on Monday.

Average asking prices of properties new to the market fell
0.4 percent this month, after rising 2.4 percent in May,
Rightmove said. The annual rate of decline eased to 5.5 percent,
its lowest since last October, from 6.2 percent in May.
[ID:nLAG003522]

No other important UK or U.S. economic data are due to be
unveiled on Monday, indeed little of interest is due
domestically all week, so the main macro focus will be focused
across the Atlantic, most notably on the latest two-day Federal
Reserve Open Market Committee meeting, which begins on Tuesday.

With interest rates at rock-bottom, no changes are
anticipated from the Fed, though any comments on the progress of
quantitative easing moves and signs of recovery in the economy
would be welcomed by the market.

The FTSE 100 index will have a new complexion on Monday as
the latest quarterly reshuffle takes effect, with London Stock
Exchange (LSE.L), 3i Group (III.L), and Wolseley (WOS.L) all
making a return to blue-chip status after one quarter in the mid
caps.

* GLOBAL MARKETS-Asia stocks tick up; caution ahead of Fed
[ID:nLM635120]

* Nikkei edges higher, defensive shares give boost

[ID:nT326806]

* Wall St Wk Ahead: Stocks eye Fed, home sales

[ID:nN21467816]

* FOREX-Yen gains as uncertainty stalks market ahead of Fed
[ID:nT167979]

* TREASURIES-Steady as investors brace for auctions, Fed

[ID:nT93504]

* Oil falls towards $69, bearish US gasoline mkt weighs

[ID:nSYD476341]

* Gold hovers around $933/oz, ETF steady

[ID:nT92186]

* METALS-Copper stretches losses on China demand woes

[ID:nMAN476841]

UK stocks to watch on Monday are:

XSTRATA (XTA.L), ANGLO AMERICAN (AAL.L)

Xstrata wants talks with mining rival Anglo American about a
proposed merger of equals worth about $68 billion, seeking
increased scale and cost synergies, Xstrata said on Sunday.

Anglo is likely to resist the attempt by Xstrata to forge a
larger mining group better able to compete with bigger
competitors, sources said. [ID:nLL443532]

IMMUNODIAGNOSTIC SYSTEMS (IDH.L)

The diagnostic testing kits producer reports full-year
results.

KEWILL SYSTEMS KWS.L

The software firm posts full-year results.

BRIXTON (BXTN.L)

The property group holds its annual general meeting.

CAPITAL & REGIONAL (CAL.L)

The property developer hosts its annual general meeting.

PINEWOOD-SHEPPERTON (PWS.L)

The firm studios group holds its annual general meeting.

TODAY'S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

(Reporting by Jon Hopkins; editing by Simon Jessop)