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UK Stocks-Factors to watch on Nov. 8

Published 08/11/2019, 07:12
Updated 08/11/2019, 07:19
© Reuters.  UK Stocks-Factors to watch on Nov. 8
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Nov 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 26 points

lower on Friday, according to financial bookmakers.

* HSBC: HSBC HSBA.L has been told by the Bank of England to tighten up

compliance controls for fraud, staff conduct and other non-financial risks, a

source close to the bank said on Thursday. * HISCOX: Shares in Hiscox HSX.L fell as much as 18% on Thursday after

brokers cut their price targets on the stock following meetings with the British

insurer, in which it gave more details on its financial expectations than in a

third-quarter update on Monday. * GOLD: Gold prices were tepid on Friday, after dropping up to 2% in the

previous session, as hopes of headway in the Sino-U.S. trade deal boosted

risk-on sentiment, denting the bullion's appeal. * OIL: Crude oil futures fell on Friday amid lingering uncertainty on

whether, and when, the United States and China will agree a long-awaited deal to

end their bitter trade dispute, the gloom compounded by rising crude inventories

in the United States. * BOE RATES: Two Bank of England officials unexpectedly voted to lower

interest rates on Thursday to ward off an economic slowdown, and others

including Governor Mark Carney said they would consider a cut if global and

Brexit headwinds do not ease. * The internationally focused UK blue chip index rose 0.1% to a one-month

high on Thursday after U.S. and China agreed to cancel tariffs imposed during

their months-long trade war, but a sell-off in utilities and pharma stocks

weighed on the FTSE 100 as investors turned to riskier assets. UK CORPORATE DIARY:

Castings Plc CGS.L Half Year Earnings Release

Beazley BEZG.L Q3 Trading update

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

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TODAY'S UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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