Asia FX muted, dollar fragile as CPI data boosts Sept rate cut bets
(Adds futures, news items)
Britain's FTSE 100 .FTSE index is seen opening 52 points higher at 6,148 on
Monday, according to financial bookmakers, with futures FFIc1 up 1.2% ahead of
cash markets open.
* QUIZ: British fashion retailer Quiz QUIZ.L said it had suspended
activity with a supplier following a media report that the supplier was not
meeting legal minimum wage requirements at one of its factories in the English
city of Leicester. * 5G: BT BT.L CEO Philip Jansen on Monday urged the British government not
to move too fast to ban China's Huawei from the 5G network. * PRIMARK: Primark, the fashion retailer owned by AB Foods ABF.L , said it
would not take advantage of a British government scheme to pay employers for
bringing back staff from furlough. * INVESTMENT: Britain will spend 705 million pounds on border infrastructure
to help keep trade flowing after its transition deal with the European Union
expires. * FINANCE: British finance minister Rishi Sunak is preparing to introduce
sweeping tax cuts and an overhaul of planning laws in up to 10 new "freeports"
within a year of the UK's becoming fully independent. * ECONOMY: Britain will suffer the sharpest peak-to-trough economic slump of
any major economy this year. * VACCINE SCHEME: Britain has turned down the chance to join a 2.4 billion
euro European Union plan to secure advance purchases of promising COVID-19
vaccines. * OIL: Oil slipped nearly 1% as traders eyed an OPEC technical meeting this
week which is expected to recommend an easing in supply cuts. * The UK blue-chip index .FTSE closed about 0.8% higher on Friday, propped
up by a rebound in heavyweight financial stocks. * For more on the factors affecting European stocks, please click on:
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