UK Stocks-Factors to watch on Oct 7
Oct 7 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening higher, with futures FFIc1 up 0.29%.
* RIO TINTO: Rio Tinto RIO.L is in talks to buy lithium producer Arcadium Lithium ALTM.N, both companies confirmed on Monday, with the global miner pouncing following a slump in prices for the ultralight metal essential to the world's shift to clean energy.
* INVESTMENT SUMMIT: The new British government's first international investment summit will feature senior executives from companies including Google GOOGL.O, Wayve and Brookfield Asset Management, the government said on Saturday.
* OIL: Oil prices fell on Monday after posting their steepest weekly rise in over a year last week as oversupply concerns amid softer demand countered the worries of a wider Middle East war disrupting exports in the key producing region.
* METALS: London copper prices rose on Monday to hover near the $10,000 per-metric-ton level, as market participants looked for more demand cues following a rally sparked by Chinese stimulus.
* GOLD: Gold prices eased on Monday as bets firmed for a smaller U.S. rate cut in November after a surprisingly strong jobs report, while market participants awaited inflation data and comments from Federal Reserve officials for further cues.
* London-listed stocks were little changed at the close on Friday, paring some earlier declines after a strong U.S. jobs report, but ending the week in the red as investors eyed rising conflict in the Middle East.
* UK CORPORATE DIARY:
Shell | SHEL.L | Q3 trading update |
Ferrexpo | FXPO.L | Q3 production report |
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
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> Other business headlines PRESS/GB
Reporting by Yamini Kalia in Bengaluru
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