UK Stocks -- Factors to watch on Nov 3

LONDON, Nov 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up as much as 1.9 percent on Monday for a fifth straight session of gains, according to financial bookmakers, tracking a rise in Asian markets on optimism that measures by governments are starting to calm nervous markets.

Financial bookmakers expected the UK benchmark index to open up 78 to 84 points after closing up 2 percent on Friday. The FTSE 100 had gained 12.7 percent last week -- its strongest week on record though it lost 10.7 percent last month.

The Bank of England and the European Central Bank are expected to cut interest rates this week, following last week's reductions from China, India, Japan and the United States.

The Daily Telegraph quoted John Wright, the national chairman of the Federation of Small Buinsesses, as saying that anything less than a 1 percent cut in interest rates by the BoE would allow the banks to be "mealy-mouthed" and duck out of passing it on.

Three million homeowners, or more than a fifth of households, could end up in the trap of negative equity, with mortgage debts larger than the value of their property, as house prices continue to plunge, new City Estimates show, according to the Times. In Asia, South Korea's KOSPI advanced 1.4 percent and Hong Kong's Hang Seng .HSI rose 4.6 percent.

* GLOBAL MARKETS-Asia stocks gain as policy changes take root [ID:nL3511961] * US STOCKS-Ugly October ends with an upbeat day on Wall St [ID:nN31375046] * Risk revival hurts dollar, European rate cuts awaited [ID:nSP121319] * Oil reverses losses, rises over $1 to near $69 [ID:nSYD354021] * Gold rises 1 pct as oil bounces, euro strengthens [ID:nSP361217]

UK stocks to watch on Monday are:

LLOYDS TSB (LLOY.L), HBOS HBOS.L

Lloyds, the bank which has agreed to take over HBOS, could face competition from the founder of HBOS's Internet banking unit who is working on a rival bid, Sunday Times newspaper reported. [ID:nL2041439]

KINGFISHER (KGF.L)

Kingfisher, Europe's top home improvement retailer, plans to double its Polish business over five years, saying the return of over a million migrants will help limit the impact of a global recession there. [ID:nLV295268]

The retailer also said it expects no growth in the British market over the next year but believes it can grab market share from distressed rivals. [ID:nL1131297]

HSBC (HSBA.L)

Banking conditions are stabilising but credit will remain tight for some time and there may yet be more shocks to the financial system, a top executive at HSBC told Reuters on Sunday. [ID:nL2146822]