UPDATE 1-UK Stocks-Factors to watch on May 14

miércoles 14 de mayo de 2014 02:40 GYT
 

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LONDON May 14 (Reuters) - Britain's FTSE 100 is seen inching higher on Wednesday, with the June futures contract up 0.1 percent by 0637 GMT ahead of the cash market open. For more on the factors affecting European stocks, please click on

* The UK blue chip index hit its highest closing level since December 1999 on Tuesday, rising 21.33 points, or 0.3 percent, to 6,873.08 points.

* Bank of England Governor Mark Carney faces a difficult balancing act on Wednesday when he will try to acknowledge Britain's strong economic recovery without adding to expectations of an early rise in interest rates.

Britain is set for economic growth of about 3 percent this year, faster than any other big, industrialised nation, and house prices have jumped by about 10 percent over the past 12 months, raising fears of a new property bubble.

The BoE is due to publish new economic forecasts and Carney will hold a news conference at 0930 GMT.

An hour earlier, data is expected to show unemployment fell again in the three months to March and earnings outpaced inflation as the labour market gathered more strength.   Continuación...