UK Stocks-Factors to watch on March 21

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 21 - Britain's FTSE 100 index is seen opening higher on Tuesday, with futures up 0.2%.
* SSE: British power generator SSE will invest 100 million pounds ($122.54 million) in a Scottish pumped hydro scheme which could help boost the country's energy storage capacity, it said.
* HSBC: A Texas official added HSBC Holdings to an energy sanctions list, widening a crackdown on companies which in the state's view are too focused on energy transition.
* OIL: Oil prices stabilised after falling early in the previous session on investor worries that recent banking-sector problems would weigh on the global economy and limit demand for crude.
* GOLD: Gold prices edged higher with investors looking forward to the Federal Reserve policy meeting as expectations grew that the U.S. central bank would slow its monetary policy tightening given the upheaval in the banking sector.
* METALS: Copper prices fell in London as the dollar bounced back slightly from a five-week low hit in the previous session and amid fears of a looming global financial crisis.
* FTSE: London stocks ended higher on Monday, reversing earlier declines as investors digested Swiss lender UBS' weekend deal to rescue rival Credit Suisse, while gains in mining stocks helped the commodity-linked FTSE 100.


* UK CORPORATE DIARY:


Kingfisher Plc FY Results Henry Boot FY Results Luceco FY Results Staffline Group FY Results Pebble Group FY Results


* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines ($1 = 0.8161 pounds)
(Reporting by Prerna Bedi in Bengaluru)

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