December 28, 2018 / 6:58 AM / 5 months ago

UK Stocks-Factors to watch on Dec 28

Dec 28 (Reuters) - Britain’s FTSE 100 futures were up 0.98 percent on Friday ahead of the cash market open.

* RIO TINTO: Australian miner Rio Tinto Plc, said on Friday it does not expect to cut jobs in 2019 even though it has deployed automated heavy-haul trains to cut costs.

* GOLD: Gold prices were steady near six-month highs on Friday, supported by worries over economic growth but pressured by gains in global equity markets.

* OIL: Oil prices jumped as much as 3 percent on Friday to win back a chunk of the ground they lost in the previous session, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure.

* The UK blue chip index closed 1.5 percent lower on Thursday as global economy fears snuffed out cheer from Wall Street, where strong U.S. data had driven a dramatic rebound.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

TODAY’S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Tanishaa Nadkar in Bengaluru)

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