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UK Stocks-Factors to watch on Oct. 28

Published 10/28/2019, 01:57 PM
Updated 10/28/2019, 02:00 PM
UK Stocks-Factors to watch on Oct. 28
UK100
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HSBA
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BHP
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BHPB
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VALE3
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MEGPM
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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
Photo-Me International PHTM.L Trading Statement Release

* For more on the factors affecting European stocks, please click on:
LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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