UK Stocks-Factors to watch on July 23
July 23 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.2%.
* BP: British oil and gas producer BP BP.L, Venezuela's state oil company PDVSA and Trinidad and Tobago's National Gas Company are speeding negotiations for a Venezuelan license to develop natural gas deposits in the Caribbean Sea, four people familiar with the matter said.
* OIL: Oil prices steadied after falling for the past two sessions, as investors remained cautious amid expectations of plentiful supplies and weak demand, while brushing off the U.S. presidential campaign upheaval.
* GOLD: Gold prices edged higher as the dollar remained subdued, while investors strapped in for U.S. economic data this week for clarity on the timeline for Federal Reserve's interest rate cut.
* METALS: Prices of copper and other base metals in London climbed after recent falls, although gains were limited by concerns about demand from China.
* FTSE: British stocks kicked off the week on a positive note following a slew of upbeat corporate updates, while investors weighed the impact of U.S. President Joe Biden's decision to end his re-election campaign.
* UK CORPORATE DIARY:
Severn Trent | SVT.L | Investor update |
SThree | STEMS.L | HY Results |
Compass Group | CPG.L | Quarterly trading update |
Mitie Group | MTO.L | Q1 Trading update |
* 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
Reporting by Prerna Bedi in Bengaluru
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