UK Stocks-Factors to watch on Jan 31

Kitco Media
By Reuters
Published:
Updated:
Reuters
Britain's FTSE 100 index is seen opening lower with futures down 0.31% on Tuesday.
* STRIKE: British firefighters have voted for a nationwide strike over a pay dispute, their trade union said, stopping short of setting out exact dates as it gave employers and the government a final shot at resolving the row.
* GOLD: Gold prices edged up on Tuesday, en route to their third straight month of gains, as the dollar weakened, while market participants awaited the U.S. Federal Reserve policy decision later this week amid hopes of a less-aggressive rate hike.
* OIL: Oil prices extended losses on Tuesday as the threat of further interest rate increases and continued Russian crude flows cancelled out demand recovery expectations from China.
* METALS: Copper prices dipped on Tuesday as traders exercised caution after physical demand in China, the world's biggest consumer of metals, remained stagnant following a week-long holiday. The FTSE 100 gained on Monday as investors awaited a slew of central bank decisions this week, with Unilever supporting the index after the consumer goods giant announced a new chief executive officer. UK CORPORATE DIARY:



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* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines (Reporting By Sruthi Narasimha Chari in Bengaluru)

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