UPDATE 1-UK Stocks-Factors to watch on April 24

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) April 24 (Reuters) - Britain's FTSE 100 index is seen opening lower on Monday, with futures down 0.13%.
* CME GROUP: CME Group Inc , the world's largest derivatives exchange, is not planning to launch a nickel contract to rival the London Metal Exchange (LME), Terry Duffy, chair and Chief Executive of the group, told the Financial Times on Monday.
* PROPERTY MARKET: Asking prices for property being put on sale in Britain over the past month rose less than normal for the time of year, figures from property website Rightmove showed on Monday, adding to signs of more subdued momentum in the property market.
* ENERGY SECURITY: Netherlands and Britain plan to build what would be Europe's biggest cross-border electricity link connected to an offshore wind farm, their energy ministers said on Monday, part of efforts to boost energy security.
* HSBC: HSBC investors should vote against a resolution by its biggest shareholder Ping An, calling on the bank to consider strategic options including a spinoff of its Asia business, shareholder advisory group ISS said.
* GOLD: Gold prices edged lower for a second consecutive session, as investor focus shifted to central bank meetings for clarity on their rate-hike strategies that may shed light on whether progress has been made in taming inflation.


* OIL: Oil prices slipped on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts.
* METALS: The prices of base metals fell over fears of further interest rates hikes in the United States and amid weakening demand in top consumer China.

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

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