UK Stocks-Factors to watch on Oct 21


© Reuters.

Oct 21 (Reuters) – Britain’s FTSE 100 () index is seen opening 18 points higher at 5,907 on Wednesday, according to financial bookmakers.

Wizz Air: The world will have a as a result of the coronavirus crisis with many privately funded carriers set to go under and governments throwing “good money after bad” to keep national champions afloat, Wizz Air’s CEO () said.

GlaxoSmithKline: GlaxoSmithKline () said it would move its experimental vaccine against the respiratory syncytial virus, a cause of pneumonia in toddlers and the elderly, into the final stage of testing, encouraged by mid-stage trial results.

AstraZeneca: AstraZeneca Plc’s () COVID-19 vaccine trial in the United States is expected to after the U.S. Food and Drug Administration completed its review of a serious illness in a study participant, four sources told Reuters.

Gold: prices rose on Wednesday as optimism that U.S. lawmakers could reach agreement on a pre-election coronavirus relief package pressured the dollar and bolstered the precious metal’s appeal as an inflation hedge.

Oil: prices eased on Wednesday after a surprise build-up in stockpiles stoked concerns about a global supply glut even as a spike in global COVID-19 cases fuelled fears of slower recovery in fuel demand.

The UK blue-chip index () closed 0.1% higher on Tuesday as investors remained hopeful of a trade deal with the European Union by year-end, although gains were capped by concerns over tougher coronavirus lockdowns in parts of England.

UK corporate diary:

() Q3 preclose trading update
() Q3 trading statement
() Q3 production report
Manchester United Plc (MANU.N) Q4 results
() Trading statement

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