UPDATE 1-UK Stocks-Factors to watch on March 20
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LONDON, March 20 (Reuters) - Britain's FTSE 100 futures contract fell 0.6 percent index on Thursday, tracking a drop in global equities after the U.S. Federal Reserve indicated it could raise interest rates much earlier than expected. For more on the factors affecting European stocks, please click on
* The UK blue chip FTSE 100 index fell by 0.5 percent, or 32.15 points, at 6,573.13 points on Wednesday, with insurers and gambling companies impacted by measures unveiled in Britain's budget which threatened their profits.
* U.S. FEDERAL RESERVE: The U.S. Federal Reserve will probably end its massive bond-buying program this fall, and could start raising interest rates around six months later, Fed Chair Janet Yellen said on Wednesday, in a comment which sent stocks and bonds tumbling.
* COPPER: London copper fell on Thursday but remained well above 3-1/2 year lows hit the in the previous session, after the Fed chair signalled interest rates could rise next year.