UK Stocks-Factors to watch on July 14
LONDON, July 14 (Reuters) - Britain's FTSE 100 index is seen opening up 7 points on Monday, according to financial bookmakers. For more on the factors affecting European stocks, please click on
* Futures for the index were up 0.5 percent by 0642 GMT.
* The UK blue chip index closed up by 17.80 points, or 0.3 percent, at 6,690.17 points on Friday, albeit having fallen by 2.6 percent over the course of the week to post its biggest weekly drop since March.
* Stock markets globally had been hit by concerns that Portugal's largest listed bank, Banco Espirito Santo was badly exposed to its owners' accounting problems, raising questions as to whether there were more shoes to drop in European banking.
* The Bank of England has been lobbying for the easing of global capital requirements for small banks, concerned that the rules could make it harder for them to compete with larger rivals when offering mortgages and small business loans, the Financial Times reported. Continuación...