News: UK Stocks-Factors to watch on July 2

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    July 2 - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.4%.

    • INFLATION: Prices in British shops rose at the slowest pace in almost three years last month, according to industry figures that underscore how inflation has cooled even if Prime Minister Rishi Sunak is unlikely to see much benefit in this week's national election.
    • RIO TINTO: Global miner Rio Tinto (RIO) is negotiating with workers at its Oyu Tolgoi copper operations in Mongolia to avert further industrial action over a sharp drop in wages that triggered an earlier strike in May.
    • GOLD: Gold prices were flat as investors awaited comments from Federal Reserve Chair Jerome Powell and jobs data for further insight about the U.S. central bank's interest rate outlook.
    • OIL: Oil prices were little changed holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. interest rate cuts that could boost economic growth.
    • FTSE: London's FTSE 100 began the week on a steady note on Monday, supported by housebuilders and precious metal miners, while investors remained cautious ahead of Britain's July 4 election.

    • For more on the factors affecting European stocks, please click on:

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

 
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