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UK Stocks-Factors to watch on Oct. 28

Published 28/10/2019, 06:57
© Reuters.  UK Stocks-Factors to watch on Oct. 28
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Oct 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening one

point higher at 7,325 on Monday, according to financial bookmakers.

* HSBC: HSBC Holdings Plc HSBA.L on Monday flagged a softer revenue growth

outlook and dropped a key growth target for next year, after posting a

more-than-expected 18% drop in quarterly pre-tax profit. * TELCOS: British Prime Minister Boris Johnson is preparing to grant China's

Huawei Technologies Co Ltd HWT.UL access to the UK's future 5G telecoms

network, the Sunday Times reported. * BHP: Samarco, a joint venture between BHP Group BHP.AX BHPB.L and Vale

SA VALE3.SA , on Friday won permission to resume operations at their Germano

iron ore mine, the environmental regulator of the Brazilian state of Minas

Gerais said, roughly four years after a fatal dam collapse there. * GOLD: Gold was little changed on Monday, after a near 1% jump in the

previous session, as investors awaited a U.S. Federal Reserve rate decision

later in the week, while progress in U.S.-China trade talks limited upside.

* OIL: After strong gains last week, oil prices were slightly lower on

Monday as data released in China reinforced signs that its economy is slowing,

though progress in China-U.S. trade talks has supported prices.

* UK stocks ended Friday on a sour note as Brexit jitters weighed on

sentiment, although the exporter-heavy FTSE 100 marked its strongest weekly

performance in nine months as the continuing political divide hurt sterling.

UK CORPORATE DIARY:

HSBC Holdings HSBA.L Q3 2019 Earnings Release

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Photo-Me International PHTM.L Trading Statement 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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