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UK Stocks-Factors to watch on July 20

Published 20/07/2020, 06:25
© Reuters.
UK100
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MKS
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SASY
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AZN
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STEMS
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MRNA
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BNTX
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Britain's FTSE 100 .FTSE index is seen opening 5 points lower at 6,286 on
Monday, according to financial bookmakers.
* RIGHTMOVE: British property website Rightmove said a mini housing market
boom was gathering pace after a tax cut by finance minister Rishi Sunak.
* MARKS AND SPENCER: British retailer Marks and Spencer Group Plc MKS.L
plans to announce hundreds of job cuts in the coming week, Sky News reported on
Sunday, citing sources. * EUROPEAN UNION: European Union is negotiating advance purchase deals of
potential COVID-19 vaccines with drugmakers Moderna MRNA.O , Sanofi SASY.PA
and Johnson & Johnson JNJ.N as well as biotech firms BioNtech BNTX.O and
CureVac, two EU sources told Reuters. * OIL: Oil prices fell on Monday, unnerved by the prospect that a recovery
in fuel demand could be derailed by a rise in the pace of coronavirus infections
around the world. * GOLD: Gold prices edged lower on Monday due to a stronger U.S. dollar, but
worries over surging coronavirus cases and its impact on the global economy kept
the safe-haven metal above the psychological level of $1,800 per ounce.
* The UK blue-chip index .FTSE ended up 0.6% on Friday, bolstered chiefly
by AstraZeneca AZN.L amid anticipation of a deal with Russia to manufacture a
COVID-19 vaccine being developed by the drugmaker and Oxford University.
UK CORPORATE DIARY:

SThree Plc STEMS.L HY Earnings Release

* 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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