UK Stocks-Factors to watch on April 4

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 4 (Reuters) - Britain's FTSE 100 index is seen opening higher on Tuesday, with futures up 0.3%.
* RIO TINTO: Rio Tinto said it would buy A$319 million ($216.54 million) worth of shares in Energy Resources of Australia to help fund rehabilitation costs related to a former uranium mine in the Northern Territory.
* BAE SYSTEMS: Lockheed Martin Corp and BAE Systems Plc won a F-35 jet maintenance support contract worth 161 million pounds ($200 million), creating 140 jobs in Britain, the country's Ministry of Defence said.
* OIL: Oil prices steadied in early Asian trade after OPEC+ plans to cut more production jolted markets the previous day, with investors' attention shifting to demand trends and the impact of higher prices on the global economy.
* GOLD: Gold prices edged lower as traders assessed the likely path of the Federal Reserve's monetary policy after data showed a slump in U.S. manufacturing activity and as OPEC+'s production cut sparked inflationary risks.
* METALS: Prices of base metals were under pressure as slowing economic outlook and renewed inflation fears sparked demand worries among investors, despite supply uncertainty.
* FTSE: Britain's commodity-heavy FTSE 100 ended at a three-week high on Monday, lifted by oil majors as crude prices rallied, while Cineworld Group hit a fresh record low after the cinema chain operator scrapped a major sale plan.


* UK CORPORATE DIARY:
Saga Plc Preliminary 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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