UK Stocks -- Factors to watch on Nov 9
LONDON, Nov 9 (Reuters) - Britain's FTSE 100 .FTSE was seen opening up 29-33 points on Monday, as investors saw appetite for risk persisting after the Group of 20 pledged to keep stimulus measures until the economic recovery was assured.
Financial bookmakers saw the index gaining as much as 0.6 percent, after it gained 0.3 percent on Friday, putting it on track for a fourth consecutive session of gains.
G20 financial leaders, meeting for a third time this year, launched a new framework for discussions on rebalancing the global economy and agreed it was too early to pull the plug on economic support for a fragile economic recovery. [ID:nLQ516726]
This helped Asian shares gain ground with shares outside Japan .MIAPJ0000PUS up 1 percent, paving the way for a stronger opening in the UK and around Europe.
Risk appetite was also boosted by more signs of takeover activity taking off
with share as Europe's second largest insurer AXA SA (AXAF.PA) unveiled a
planned $7 billion buy-out of its Asian assets and sale of its Australian assets
to local rival AMP Ltd. [ID:nSYD420146]
On the British market, there will be a close watch on Cadbury (CBRY.L) as Kraft Foods (KFT.N) is expected to formalise a hostile bid valued at around 10.2 billion pounds ($16.7 billion), sources familiar with the situation said.
Miners were set to be among the strongest gainers with metal prices firmer and gold XAU= hitting another record high on a weaker U.S. dollar.
* Wall St rises 3 pct for week on Friday's slim gain [ID:nN06205470]
* Asia stocks, currencies rally as risk sought [ID:nSP425501]
* Nikkei edges up; yen helps it shrug off US jobs data [ID:nT228320]
* TREASURIES-Dip in Asia in jittery trade before auction [ID:nT227441]
* Dollar under pressure, commodity currencies jump [ID:nT204962]
* Oil tops $78 as Hurricane Ida threatens output [ID:nSYD394313]
* Gold strikes record as U.S. dollar suffers [ID:nSP423068]
* Copper prices up, brush off dismal U.S. job data [ID:nSHA205104]
UK stocks to watch on Monday are:
CADBURY (CBRY.L)
Kraft Foods (KFT.N) is expected to formalise a hostile bid valued at around
10.2 billion pounds ($16.7 billion), sources familiar with the situation said.
[ID:nN08213524]
GLAXOSMITHKLINE (GSK.L)
The pharmaceutical giant is currently Saudi Arabia's sole supplier of an H1N1 flu vaccine but the kingdom may include other firms for the supply of a nationwide inoculation campaign the health ministry said. [ID:nL7168284]
ROYAL DUTCH SHELL (RDSa.L)
California was awarded $19.5 million in a settlement against Royal Dutch Shell's U/S/ unit for not storing fuel properly at filing stations in the state, Attorney General Jerry Brown said on Friday. [ID:nN06203318]
TRINITY MIRROR (TNI.L)
The newspaper publisher is planning to close its final salary pension scheme due to the increased costs of providing the scheme. [ID:nL8264079]
INMARSAT (ISA.L)
The satellite company releases its third quarter results.
DIGNITY (DTY.L)
The funeral services business releases a trading update.
SPIRAX-SARCO ENGINEERING (SPX.L)
The company releases a trading update.
TODAY'S UK PAPERS
> Financial Times [PRESS/FT]
> Other business headlines [PRESS/GB] (Reporting by Simon Falush)
© Thomson Reuters 2009 All rights reserved

