UK Stocks-Factors to watch on Aug. 8

viernes 8 de agosto de 2014 02:27 GYT

(Adds futures price, company news items)

LONDON Aug 8 (Reuters) - Britain's FTSE 100 futures contract fell 0.6 percent on Friday, with the cash market also set for a weaker open, as global equity markets slid after U.S. President Barack Obama said he had authorized air strikes in Iraq. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed down by 38.79 points, or 0.6 percent, at 6,597.37 points on Thursday, its lowest close since April 16, meaning it has fallen more than 3 percent since a peak seen at the end of July.

* UNITED STATES/IRAQ: U.S. President Barack Obama said on Thursday he has authorized air strikes against Islamist militants in Iraq to protect American personnel and launched humanitarian assistance to prevent a genocide of members of a religious minority who have fled their homes.

* OIL: Oil prices on both sides of the Atlantic rose more than $1 on Friday, with Brent nearing $107 a barrel after the United States approved air strikes against Islamic militants in Iraq, raising the threat of oil disruptions from the key oil producer.

* CHINESE ECONOMY: China's iron ore imports jumped nearly 11 percent in July from the previous month, customs data showed, as buyers took advantage of lower prices for the steelmaking raw material and stocked up, despite weak domestic steel demand.

* GLAXOSMITHKLINE : Chinese prosecutors on Friday charged a British investigator and his American wife with illegally obtaining private information in a case that is seen as key to a bribery investigation against GlaxoSmithKline.   Continuación...