UK Stocks-Factors to watch on Sept 20
Sept 20 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.56%.
* M&G: M&G Investments sees attractive valuations in some longer-duration government bonds and non-U.S. equities, a multi-asset fund manager at the London-based firm said on Thursday.
* UK CONSUMER CONFIDENCE: British consumers have turned more pessimistic after warnings by new Prime Minister Keir Starmer about the economy and the public finances which might entail tax increases, according to a survey published on Friday.
* SCALED BACK PAY: British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation pressures in the economy are easing.
* OIL: Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest rates and declining global stockpiles.
* GOLD: Gold lingered near record high levels on Friday and was on track for a weekly gain after the Federal Reserve's recent super-sized interest rate reduction and on signs that further cuts were on the horizon.
* METALS: Prices of copper rose for a third straight session and were set for a weekly gain as the demand outlook for the metal brightened after the outsized U.S. interest rate cut and on hopes of stimulus from top consumer China.
* The UK's benchmark stock indexes ended higher on Thursday, after the Bank of England kept rates on hold, as widely expected, and extended its bond reduction plan for another year.
* UK CORPORATE DIARY:
Investec | INVP.L | HY results |
* For more on the factors affecting European stocks, please click on: LIVE/
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Reporting by Yamini Kalia in Bengaluru
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