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

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) April 21 (Reuters) - Britain's FTSE 100 index is seen opening flat on Friday with futures up 0.04%.


* GLENCORE: Glencore reported a 5% fall in its copper production for the first quarter on Friday, owing to lower grades due to phasing of a pit at Collahuasi and delays associated with adverse weather conditions at Antamina.
* RETAIL: British retail sales fell by a greater-than-expected 0.9% in March from February, figures from the Office for National Statistics showed on Friday, with bad weather during the month having an impact on shoppers.
* HAMMERSON: British shopping centre owner Hammerson Plc is in talks with France's Unibail-Rodamco-Westfield to sell its stake in a joint venture between the two companies, Sky news reported.
* ECONOMY: British consumers were their most upbeat in more than a year this month, despite the surging cost of living, as they took a more positive view of their finances and the health of the wider economy, market research firm GfK said.
* OIL: Oil prices eased for the third straight day and looked set for a hefty weekly loss as softening U.S. economic data and a rise in U.S. gasoline inventories raised concerns about a recession and slower global oil demand.
* GOLD: Gold prices drifted lower as the dollar steadied, although soft U.S. economic data reinforced expectations that the Federal Reserve would pause its tightening cycle after delivering one more rate hike next month.
* The UK's FTSE 100 index closed slightly up on Thursday as a jump in shares of consumer conglomerate Melrose offered just enough of a boost to overshadow falls in commodity-linked sectors.


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

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