UK Stocks-Factors to watch on July 6

lunes 6 de julio de 2015 01:33 GYT
 

LONDON, July 6 (Reuters) - Britain's FTSE 100 index is seen opening down by 106 to 140 points, or as much as 2.1 percent lower on Monday, with concerns over Greece expected to impact European stock markets, according to financial bookmakers.

For more on the factors affecting European stocks, please click on

* The UK blue chip index closed down 0.7 percent at 6,585.78 points on Friday, marking its biggest weekly drop in a month.

* GREECE: Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders.

* BRITISH BUDGET: Britain's finance minister George Osborne on Sunday said he had found all 12 billion pounds of welfare cuts he needs as part of his plan to balance the current budget by 2017/18, speaking ahead of his budget announcement on Wednesday.

* LABOUR PARTY: The British Labour Party's biggest financial backer, trade union Unite, on Sunday backed left-wing lawmaker Jeremy Corbyn to be the party's new leader.

* BRITISH BANKS: Britain's banks have called upon the government to phase out the bank levy, saying it is damaging the competitiveness of the industry and causing them to lose business to overseas rivals.   Continuación...