UK Stocks-Factors to watch on Aug. 27
Aug 27(Reuters) -Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0.3%.
* SHOP PRICES: British shop prices fell in annual terms this month for the first time since October 2021, pushed down by summer sales of clothes and household goods, a survey showed.
* OIL: Oil prices paused their recent advances, receding in Asian trading after surging more than 7% in the previous three sessions on supply concerns prompted by fears of a wider Middle East conflict and the shutdown of Libyan oil fields.
* GOLD: Gold prices edged lower following a slight recovery in the dollar, although losses were capped by investor optimism for imminent U.S. rate cuts and lingering concerns about the Middle East crisis.
* METALS: Copper prices in London rose nearly 1% to their highest levels in nearly six weeks, supported by optimism over a potential U.S. interest rates cut in September that could help lift demand for the red metal.
* FTSE: The UK's benchmark FTSE 100 edged higher on Friday as markets globally cheered U.S. Federal Reserve Chair Jerome Powell's nod to initiate rate cuts at the Jackson Hole economic symposium.
* UK CORPORATE DIARY:
Bunzl | BNZL.L | HY Results |
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
Reporting by Prerna Bedi in Bengaluru; Editing by Sumana Nandy
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