UK Stocks-Factors to watch on Oct. 9

viernes 9 de octubre de 2015 02:05 GYT
 

LONDON Oct 9 (Reuters) - Britain's FTSE 100 index is seen opening 51 to 58 points higher, or up as much as 0.9 percent, on Friday, according to financial bookmakers. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed 0.6 percent higher at 6,374.82 points on Thursday.

* GLENCORE - Commodities giant Glencore said on Friday it will cut 500,000 tonnes of zinc production, or around 4 percent of global supply, in its latest move to withstand weak commodities prices.

* The chairman of an influential committee of British lawmakers has asked the country's financial regulator for assurance that a new banking tax will not damage competition within the industry.

* Quarterly comprehensive car insurance premiums in Britain rose 4.8 percent, the biggest rise since 2010, according to Confused.com's car price insurance index.

* METALS PRICES - London zinc surged 6 percent on Friday after top miner Glencore said it would slash its annual output by a third, fanning sentiment that was already brightened by minutes showing the Federal Reserve was in no hurry to raise rates.

* OIL PRICES - Crude futures rose in early Asian trade, with U.S. oil climbing above $50 a barrel, after an influential forecaster predicted that a market rally was not far off and U.S. Federal Reserve minutes suggested there was no hurry to raise rates.

TODAY'S UK PAPERS

> Financial Times

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