UK Stocks -- Factors to watch on July 14

LONDON, July 14 (Reuters) - Britain's FTSE 100 .FTSE is seen rising 31-34
points or as much as 0.8 percent on Tuesday, mirroring gains on Wall Street and
in Asia, as hopes swelled that banks' quarterly results may be better than
feared.

Financial bookmakers see the blue-chip index gaining as much as 0.8 percent
after it powered 1.8 percent higher on Monday to close at 4,202.13.

U.S. stocks added more than 2 percent, driven higher by financials, after
analyst Meredith Whitney, who had previously been bearish, said in comments to
CNBC television that bank shares were in for at least a short term gain of 15
percent.

This helped spur a rally in Asian stocks that saw Japan's Nikkei average
.N225 gain 1.9 percent after nine straight sessions of losses.

Energy and mining stocks are set to be in positive territory again as metal
prices and crude CLc1 gained.

Signals from the real economy are also likely to add to the positive tone
for the UK equity market.

Data from the British Retail Consortium showed that retail sales rose in
June as a heatwave drove consumers into shops to stock up on summer clothes,
picnic food and garden furniture. [ID:nLAG003596]

The BRC said like-for-like sales rose 1.4 percent last month compared with a
year ago, more than reversing a 0.8 percent drop in May.

There was encouraging news from the beleaguered housing market too. House
prices in England and Wales fell at their slowest annual pace in almost two
years last month while confidence in the price outlook turned positive for the
first time since May 2007, a survey showed on Tuesday.

The Royal Institution of Chartered Surveyors' house price balance rose to
-18.1 in the three months to June, its best reading since September 2007, from
-43.

Investors will look to inflation data for June to be released at 0830 GMT
for more insight on the state of the UK economy.

The consumer price index is seen at 0.3 percent for the month in June and
1.8 percent on the year, falling from 0.6 and 2.2 percent respectively the
previous month.

But the main focus will be on U.S. corporate performance which will give
more of a steer on the likely timing and intensity of economic recovery, with
quarterly results due from Goldman Sachs (GS.N), Intel (INTC.O) and Johnson &
Johnson (JNJ.N).

* Wall St flies with banks after analyst's comments [ID:nLE459127]

* Asian shares find relief in WallSt rally [ID:nSP482041]

* Nikkei rises 2.2 pct on bank optimism, earnings eyed [ID:nT53130]

* Oil rises above $60 as stocks rally; worries linger [ID:nSYD461610]

* Yen steady ahead of U.S. earnings, economic data [ID:nT135430]

* TREASURIES-Futures drift in Asia; await data, earnings [ID:nT56102]

* Gold inches below $920/oz after rally [ID:nT51884]

* Copper gains on equities rally [ID:nMAN498227]

UK stocks to watch on Tuesday are:

ROYAL BANK OF SCOTLAND (RBS.L)

The bank's chief executive will be given tougher performance targets to meet
next year to collect his maximum bonus, the Financial Times said. [ID:nLD322904]

LLOYDS BANKING GROUP (LLOY.L)

A group of Lloyds shareholders are demanding that the government reveal
details of discussions between Gordon Brown and Sir Victor Blank chairman of
Lloyds and HBOS, the Daily Telegraph said.

GLAXOSMITHKLINE (GSK.L)

Abbott Laboratories (ABT.N) and GSK are set to collaborate on molecular
diagnostic test to select candidate patients for future cancer immunotherapy.
[ID:nWNAB6620]

INVESTEC (INVP.L)

Investec Bank (Australia) met debt investors last week to guage investor
appetite for asset-backed securities, a source who attended the meetings said.
[ID:nSYD460138]

FERREXPO (FXPO.L)

The miner announces its Q2 output data.

BRITISH AIRWAYS (BAY.L)

The airline holds its AGM.

JARVIS (JRVS.L)

The rail network services company announces its preliminary results.

TODAY'S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

(Reporting by Simon Falush)