Thursday October 22, 06:46 AM
UK at a Glance-UK Stocks -- Factors to watch on Oct 20
LONDON, Oct 22 (Reuters) - Britain's FTSE 100 index is seen opening
58-66 points, or as much as 1.3 percent lower on Thursday, according to
financial bookmakers, tracking a late reversal overnight on Wall Street and
falls in Asia as the
earnings roller-coaster ride continued across the Atlantic.
The British blue-chip index closed 14.45 points, or 0.3 percent higher on
Wednesday at 5,257.85 having fallen as low as 5,174.48 earlier in the day,
recovering late on as Wall Street posted early gains.
U.S. stocks, however, ended lower knocked by a late sell-off in financial
issues, after an influential bank analyst recommended selling Wells Fargo shares, and as a wider-than-expected loss from Boeing
disappointed investors.
After-hours U.S. earnings news also disappointed, with online auctioneer
EBAY (NASDAQ: EBAY - news) forecasting fourth-quarter results at the low end of expectations
when posting in-line third-quarter numbers.
Asian shares fell on Thursday also impacted by disappointment that Chinese
growth data, though robust, offered few surprises.
News that China's economy surged 8.9 percent in the third quarter, and
retail sales and other indicators were robust in September, reinforced optimism
Asia was on a sustainable recovery path. But the outcome was widely expected,
giving investors little to trade on.
The main domestic macro focus will be on September British retail sales
numbers, with a 0.5 percent rise expected on the month, after a flat reading in
August, giving a year-on-year increase of 2.8 percent, up from 2.1 percent in
the previous month.
Across the Atlantic, September U.S. leading indicators and the latest
initial weekly jobless numbers will be eyed later in the session.
* GLOBAL MARKETS-Asia shares slip, China data fails to help
* US STOCKS-Wall St see late sell-off, financials fall
* Nikkei (news) slides broadly, JAL (Berlin: JAY.BE - news) rising streak snapped
* FOREX-Dollar up as China data offers no upside surprise
* TREASURIES-Prices fall, worry monetary stimulus will wane
* Oil falls 0.5 pct; around $81/bbl as dollar gains
* Gold flat near $1,060/oz, weaker dollar supports
* METALS-Shanghai copper hits 2-month high on LME gains
British stocks to watch on Thursday are:
ANGLO AMERICAN (LSE: AAL.L - news)
The global miner issues a Q3 output report.
LONMIN (LSE: LMI.L - news)
The platnum miner posts a Q4 output report.
PETROFAC (LSE: PFC.L - news)
The oil services company issues a trading update.
DEBENHAMS
The department stores group posts full-year results.
THORNTONS (LSE: THT.L - news)
The chocolate retailer holds its annual general meeting.
STOBART GROUP (LSE: STOI.L - news)
The logistics company posts first-half results.
LUMINAR GROUP
The nightclubs and bars operator reports first-half results.
MORSE (LSE: MOR.L - news)
The IT services group holds its annual general meeting.
SMITHS NEWS (LSE: NWS.L - news)
The news distributor delivers full-year results.
REDSTONE (LSE: RED.L - news)
The communications solutions provider holds its annual general meeting.
DRAGON OIL (Dublin: DRS.IR - news)
The Irish-based oil explorer issues a trading update.
(Reporting by Jon Hopkins; Editing by Dan Lalor)
TODAY'S UK PAPERS > Financial Times > Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News visit http://topnews.reuters.com Keywords: MARKETS BRITAIN FACTORS
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