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UK Stocks-Factors to watch on Feb. 21

Published 21/02/2020, 06:33
© Reuters.  UK Stocks-Factors to watch on Feb. 21
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Feb 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 2 points

higher on Friday, according to financial bookmakers.

* HSBC: Unicredit Spa CRDI.MI Chief Executive Officer Jean-Pierre Mustier

has emerged as one of the main external candidates for the top job at HSBC

Holdings Plc HSBA.L , Bloomberg reported on Thursday, citing sources familiar

with the matter. * RIO: Global Miner Rio Tinto RIO.AX , RIO.L said its Mongolian copper

unit had begun an international arbitration process, seeking to resolve a

dispute with the local tax authority. * GOLD: Gold prices held steady at a near seven-year high as nervous

investors opted for safe haven assets amid fears about the economic damage from

China's coronavirus epidemic that eclipsed Beijing's stimulus efforts.

* COPPER: London copper is on track for its first weekly decline in three,

as the coronavirus outbreak in top consumer China dented demand for the red

metal, and fanned fears over its spread and impact on the global economy.

* OIL: Oil prices fell amid concerns over fuel demand as the coronavirus

epidemic spread further beyond China, while major crude producers stood pat on

any early action to cut output to support the market. * The blue-chip index .FTSE slipped 0.3% on Thursday as Imperial Brands

IMB.L tumbled on ex-dividend trading, while most other sectors also traded in

the red with a surge in coronavirus infections in South Korea stoking fears

about a deepening health crisis. UK PAPERS

> Financial Times PRESS/FT

> Other business headlines PRESS/GB

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