May 1, 2014 / 6:06 AM / 4 years ago

UK Stocks-Factors to watch on May 1

LONDON, May 1 (Reuters) - Britain’s FTSE 100 index is seen opening 5 points higher, or 0.07 percent, according to financial bookmakers.

* The UK blue chip index closed 0.2 percent higher at 6,780.03 points in the previous session after hitting an intraday peak of 6,794.88, the highest level since early March.

* Trading volumes are likely to be thin as other stock markets in Europe are closed for the May Day holiday.

* The Dow Jones industrial average closed at its first record high of 2014 on Wednesday after the U.S. Federal Reserve gave an upbeat view of the economy’s prospects as it announced another cut to its massive bond-buying programme.

* The Fed said in a statement it would reduce its monthly bond purchases to $45 billion from $55 billion, as expected. That will keep it on track to end the programme as soon as October.

* RECKITT BENCKISER - The company is no longer in active talks with Merck & Co about buying its consumer health business, it said on Wednesday.

* London copper slipped to a seven-session low on Thursday after China’s manufacturing sector showed a slight improvement in April but missed forecasts, while prices were set to drift with top consumer China on a two-day break.

* Brent crude eased down towards $108 a barrel, not far above its lowest in more than two weeks, as a potential rise in Libya’s oil supply and record-high inventories in the United States weighed on prices.




> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit * BridgeStation: view story .134 For more information on Top News visit (Reporting by Atul Prakash, editing by Tricia Wright)

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