UK Stocks-Factors to watch on June 2

© Reuters.

June 2 (Reuters) – Britain’s FTSE 100 index is seen opening higher on Tuesday, with futures up 0.4%.

* STIMULUS PACKAGE: British Finance Minister Rishi Sunak is considering national insurance holidays for companies as part of a coronavirus stimulus package that will be announced in July, The Daily Telegraph newspaper reported late on Monday.

* METALS: Shanghai prices rose to their highest in nearly three months, as a solid recovery in China demand and the reopening of economies from a coronavirus-induced lockdown lent support.

* GOLD: prices held on to last session’s more than one-week high on concerns around U.S.-China relations and as rising violent protests in the United States stoked fears of a resurgence in virus cases, while optimism on reopening of economies checked their rise.

* OIL: rose, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.

* London-listed shares ended higher on Monday as markets took heart from a scaling back of coronavirus restrictions, with consumer stocks among the best performers.


CARD.L FY Results

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MHP SE Q1 Results

* For more on the factors affecting European stocks, please click on: LIVE/ TODAY’S UK PAPERS

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