June 21, 2019 / 6:31 AM / a month ago

UPDATE 1-UK Stocks-Factors to watch on June 21

 (Adds company news items, futures)
    June 21 (Reuters) - Britain's FTSE 100         index is seen opening 20
points lower at 7,404 on Friday, according to financial bookmakers, with futures
        down 0.28% ahead of the cash market open.
    * IQE: IQE Plc         said on Friday it would report lower-than-expected
revenue for the financial year 2019, as U.S. restrictions on China's Huawei
HWT.UL caused more order delays and several of its chip customers cut forecasts.
             
    * GOLD: Gold prices climbed to a near six-year high on Friday after the U.S.
Federal Reserve indicated earlier this week that it could cut interest rates as
early as July, prompting a sharp fall in the dollar and U.S. Treasury yields.
            
    * OIL: Oil prices rose on Friday, with Brent crude heading for its first
weekly gain in five weeks on tensions in the Middle East after Iran shot down a
U.S. military drone and on hopes for a drop in U.S. interest rates that may
stimulate global growth.             
    * The UK blue chip index rose 0.3% on Thursday on growing hopes of more
central bank stimulus after the Bank of England cut its growth forecast and the
U.S. Federal Reserve flagged interest rate cuts, though cruise operator Carnival
slid after lowering its profit target.             
    * For more on the factors affecting European stocks, please click on:
       
           
    TODAY'S UK PAPERS
    > Financial Times                                
    > Other business headlines                       

 (Reporting by Tanishaa Nadkar and Adil Bhat in Bengaluru)
  
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