UK Stocks-Factors to watch on June 2

lunes 2 de junio de 2014 02:33 GYT

LONDON, June 2 (Reuters) - Britain's FTSE 100 futures contract was up by 0.5 percent by 0620 GMT on Monday, with the cash market seen opening up by 21 points, or 0.3 percent, on Monday. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed down by 0.4 percent, or 26.78 points, at 6,844.51 points on Friday.

* CHINESE ECONOMY: China's factory activity expanded at the fastest pace in five months in May due to rising new orders, official data showed on Sunday, reinforcing views that the world's second-largest economy is regaining momentum in the second quarter following Beijing's targeted measures to bolster growth.

* BRITAIN/EU: A British official on Sunday dismissed a report that Prime Minister David Cameron had threatened at an EU summit last week to bring forward a referendum on British membership of the EU if Jean-Claude Juncker became European Commission president.

* BANK OF ENGLAND/ASSET BACKED SECURITIES: Bank of England deputy governor Jon Cunliffe said asset-backed securities in the European Union should be made more transparent to revive a market badly hit by the 2008 financial crisis.   Continuación...