August 2, 2017 / 5:55 AM / a year ago

UK Stocks-Factors to watch on August 2

    Aug 2 (Reuters) - Britain's FTSE 100 index is seen opening 12 points
higher at 7435.3 on Wednesday, according to financial spreadbetters.
    * UNILEVER: Unilever, has invested in the German start-up
Helping, a website for booking home cleaners, its latest effort to test new
businesses as technology changes ways of selling packaged goods. 
    OIL: Oil prices fell 1 percent on Wednesday, with rising U.S. fuel
inventories pulling U.S. crude back below $50 per barrel, while ongoing high
OPEC supplies weighed on international prices. 
    U.S. West Texas Intermediate (WTI) crude was at $48.69 per barrel at
0456 GMT, down 47 cents, or 1 percent, from its last settlement. That came after
the contract opened above $50 for the first time since May 25 on Tuesday.

    * COPPER: Three-month copper on the London Metal Exchange slipped by
0.5 percent to $6,315 a tonne by 0515 GMT, following a small loss in the
previous session. Prices jumped into a new range above $6,000 a tonne late last
month, striking the highest since May 2015 at $6,400 a tonne.
    * GOLD: Gold edged lower on Wednesday as the dollar firmed and as investors
took profits after downbeat U.S. data propelled prices to a seven-week high in
the previous session. Spot gold fell 0.3 percent to $1,264.88 per ounce,
by 0411 GMT. The day before, it hit its highest since June 14 at $1,273.97.

    * Britain's leading shares made strong gains on Tuesday, supported by Rolls
Royce and oil major BP among a raft of robust results, while a recovery in
cigarette makers British American Tobacco and Imperial removed a drag on the
benchmark. The FTSE 100 jumped 0.7 percent, starting the month on a firm
footing, while mid-caps rose 0.4 percent.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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 (Reporting by Sanjeeban Sarkar in Bengaluru)
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