UK Stocks — Factors to watch on April 13

LONDON, April 13 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index is seen
opening lower on Tuesday, retreating after the previous session’s slight gain as
Asian stocks fell overnight, with miners and energy stocks likely to be hurt by
a drop back in commodity prices.

The UK blue chip index looks set to fall 12 to 13 points, or 0.2 percent,
according to financial bookmakers, after it closed up 6.67 points, or 0.1
percent at 5,777.65 on Monday.

The Dow industrials closed above 11,000 for the first time in almost 19
months on Monday, but ended off session highs as investors looked to a key batch
of first-quarter earnings reports due this week.

After the U.S. market close, Alcoa (AA.N: ) kicked off the earnings reporting
period, posting its fifth net loss in the past six quarters, but when charges
were excluded its earnings matched Wall Street estimates, although revenue was
below forecasts. [ID:nN12201885]

Tech bellwether Intel Corp (INTC.O: ) is due to report earnings on Tuesday,
with other companies scheduled to report this week including Google (GOOG.O: ),
General Electric (GE.N: ), and JPMorgan Chase (JPM.N: ).

Overnight on the domestic macro front, the Royal Institution of Chartered
Surveyors said British house prices grew last month at their slowest pace since
July after the amount of new property coming on to the market grew faster than
the number of new buyers.

RICS said its monthly house price balance dropped to +9 in March from an
upwardly revised +18 in February, confounding economists who had forecast a rise
to +19. [ID:nLAG006236]

And British retail sales jumped at their fastest pace in a year in March but
the figures were flattered by the earlier timing of Easter this year, a survey
by the British Retail Consortium showed.

The BRC said the value of sales last month was 4.4 percent higher than a
year ago when measured on a like-for-like basis, the biggest rise since last
April and double the increase in February. [ID:nLAG006237]

Investors will look out for February UK trade figures, due at 0830 GMT.

No significant U.S. economic data is due for release on Tuesday.

* GLOBAL MARKETS-Asia shares fall, euro consolidates [ID:nSGE63C03H]

* Dow tops 11,000 on profit bets; Alcoa in line [ID:nN12208416]

* Nikkei slips, led down by chip shares before Intel [ID:nTOE63C01R]

* FOREX-Euro subdued as short covering ebbs, yen firms [ID:nSGE63C004]

* TREASURIES-Safe-haven bonds rise on earnings trepidation [ID:nN12139617]

* Oil falls for fifth-straight session on U.S. supply glut [ID:nSGE63C02O]

* Gold edges down amid caution over recent rally [ID:nTOE63C03C]

* METALS-LME copper extends slide on worries rally overdone [ID:nSGE63C04D]

UK stocks to watch on Tuesday:


The buyout lender has raised 843 million euros ($1.15 billion) for a new
fund that will invest in debt-burdened private equity deals, the Financial Times
reported. [ID:nLDE63C00D]


The defence technology firm will meet representatives of trade union
Prospect on Tuesday after announcing plans to terminate all collective
agreements including current redundancy terms, said the Financial Times.

Prospect, which represents 2,000 of Qinetiq’s 6,500 UK employees, called the
move “a hostile act” and said it had received “authoritative legal advice” that
the group’s actions could be challenged in law, the newspaper said.


The department store group reports first-half results.


The clean-fuel company posts full-year results.


The filtration specialist issues a trading update.


The property investment company reports full-year results.

Stock Investing

(Reporting by Tricia Wright)

UK Stocks — Factors to watch on April 13