UK Stocks-Factors to watch on March 23

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 23 (Reuters) - Britain's FTSE 100 index is seen opening lower on Thursday with futures down 0.3%.
* CENKOS: London-listed investment banks Cenkos Securities and finnCap Group are in advanced talks to merge in an all-share deal that will create the City's biggest dedicated broker serving small-cap growth companies, Sky News reported.
* RMT: Britain's RMT has suspended nationwide rail strikes planned for March 30 and April 1 after a proposal by train companies which the trade union said could lead to a resolution in the long-running row over pay and conditions.
* OIL: Oil prices fell following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world's largest economy, while U.S. crude stocks rose more than expected.
* GOLD: Gold prices advanced after the U.S. Federal Reserve hinted it was nearing a pause in its rate-hike cycle, making the safe-haven asset a more attractive bet in a future low interest environment.
* METALS: Copper prices in London paused its five-day rally as investors weighed macroeconomic risks against the U.S. Federal Reserve's rate hike and market fundamentals, despite a weaker dollar providing some support.


* FTSE: London stocks gained over 1% on Tuesday, with lenders rebounding on easing fears of a bigger banking crisis, while investors awaited the U.S. Federal Reserve's interest rate decision.


* UK CORPORATE DIARY:


Inchcape FY Results Safestyle UK FY Results Playtech Plc FY Results Wickes Group FY Results




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

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