RIO rio tinto limited

News: RIO UK Stocks-Factors to watch on July 3

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    July 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 17 points higher at 7,565 on Tuesday, according to financial bookmakers.

    • RIO TINTO: Rio Tinto RIO.L wants copper, and it's ready to pay top-dollar. The global miner would be willing to fork out a large premium over market value to secure a prime asset as it tries to reduce its reliance on iron ore, company and banking sources told Reuters.
    • ASOS: Online fashion retailer Asos ASOS.L is set to name Adam Crozier as its next chairman, Sky News reported on Monday.
    • COPPER: Copper edged higher on Tuesday but was still near a seven-month low reached in the previous session as escalating U.S.-China trade tensions raised concerns about demand.
    • GOLD: Gold prices fell for a second day on Tuesday to the lowest since December as strength in the U.S. dollar put pressure on the yellow metal, offsetting safe-haven demand amid mounting global trade tensions.
    • OIL: Oil prices climbed on Tuesday after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and an emerging slowdown in demand held back markets.
    • The UK blue chip FTSE 100 .FTSE index ended the session down 1.2 percent at 7,547.85 points on Monday, as worries over global trade kept the pressure on banking and mining stocks, though Micro Focus was lifted by news of the sale of one its software businesses.
    • For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    • UK CORPORATE DIARY: St. Modwen Properties SMP.L Half Year 2018 Earnings Release

      TODAY'S UK PAPERS > Financial Times > Other business headlines

 
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