UK Stocks — Factors to watch on October 13
Oct 13 (Reuters) — Britain's FTSE 100 index is seen opening up on Tuesday, with futures up 0.2%. SHELL: Energy major Shell on Tuesday criticised the Australian government's plan to force liquefied natural gas producers to reserve a portion of their output for domestic use, calling it a "sledgehammer to crack a nut" for an already functional market. UK CONSUMERS: British consumers kept a lid on spending in September, with much of their extra outlay going on fuel, while warm weather helped pubs but hurt clothing sales, according to surveys published. IMF: The International Monetary Fund's upward revision to its forecast for British economic growth this year adds to signs that Bank of England interest rates are not very restrictive, BoE policymaker Megan Greene said on Tuesday. OIL: Oil prices fell and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia. GOLD/PRECIOUS: Gold edged higher as oil prices slipped, while markets focused on the upcoming US inflation data for fresh signals on the Federal Reserve's interest-rate trajectory. METALS: Copper pric
2%. SHELL: Energy major Shell on Tuesday criticised the Australian government's plan to force liquefied natural gas producers to reserve a portion of their output for domestic use, calling it a "sledgehammer to crack a nut" for an already functional market. UK CONSUMERS: British consumers kept a lid on spending in September, with much of their extra outlay going on fuel, while warm weather helped pubs but hurt clothing sales, according to surveys published.
IMF: The International Monetary Fund's upward revision to its forecast for British economic growth this year adds to signs that Bank of England interest rates are not very restrictive, BoE policymaker Megan Greene said on Tuesday. OIL: Oil prices fell and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia. GOLD/PRECIOUS: Gold edged higher as oil prices slipped, while markets focused on the upcoming US inflation data for fresh signals on the Federal Reserve's interest-rate trajectory.
METALS: Copper prices held nearly steady as a firm US dollar countered support from supply concerns in top producer Chile. UK's FTSE 100: Britain's FTSE 100 edged higher, buoyed by financials and medical equipment stocks as investors looked ahead to crucial US inflation data and UK GDP readings due this week for fresh insight into the economic outlook. com)