UK Stocks — Factors to watch on April 14

LONDON, April 14 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index is seen
opening up 11 to 19 points on Wednesday, recovering all of Tuesday’s decline in
tandem with overnight gains in Asia after above-forecast earnings from U.S. chip
giant Intel (INTC.O: ).

The UK blue chip index is seen by financial bookmakers gaining up to 0.3
percent after it ended 15.99 points or 0.3 percent lower on Tuesday at 5,761.66
as oils and miners fell back with easier commodity prices, while banks moved
lower on investor caution ahead of first-quarter U.S. results.

U.S. blue chips, however, ended 0.1 percent higher on Tuesday, having been
0.1 percent lower by London’s close, as investors awaited Intel’s numbers.

After the Wall Street close, Intel’s sales and margin forecasts trounced
market expectations, reinforcing hopes for an acceleration in the recovery and
sending Asian shares higher as tech stocks celebrated. [ID:nN1382801]

Investors will refocus on earnings from the U.S. banking sector on Wednesday
with JP Morgan Chase (JPM.N: ) posting results before the U.S. open.

No major domestic economic pointers will be released on Wednesday, so the
main macro focus will be on a key batch of U.S. data in the afternoon, notably
March consumer prices and retail sales numbers, both due at 1230 GMT.
U.S. business inventories for February will be released at 1400 GMT, and the
latest Federal Reserve Beige Book will be published after the London close at
1800 GMT.

Ex-dividend factors will knock 1.9 points off the FTSE 100 index on
Wednesday, with BG Group (BG.L: ), Capita (CPI.L: ), Legal & General (LGEN.L: ) and
Tullow Oil (TLW.L: ) all losing their payout attractions.

* GLOBAL MARKETS-Tech propels Asian stocks after solid Intel [ID:nTOE63D01V]

* US STOCKS-Market gains modestly; Intel rises late [ID:nN13100386]

* Nikkei rises 0.3 pct as Intel boosts tech stocks [ID:nTOE63D02N]

* FOREX-Dollar, yen slip on cocktail of Singapore, Intel [ID:nTOE63D00W]

* TREASURIES-Fall in Asia as regional shares firm [ID:nTOE63D01J]

* Oil up above $84 as equities, dollar offset stock build [ID:nSGE63D02S]

* PRECIOUS-Gold recovers after falling nearly 1 pct [ID:nSGE63D00Y]

* METALS-LME copper gains; in narrow ranges ahead of data [ID:nSGE63D02J]

UK stocks to watch on Wednesday are:

LLOYDS BANKING GROUP (LLOY.L: )

The bank is hiring 35 investment bankers in order to address the gains
currently being made by rivals RBS (RBS.L: ) and Barclays (BARC.L: ), The Daily
Telegraph said.

BHP BILLITON (BLT.L: ), RIO TINTO (RIO.L: )

The planned $116 billion iron ore joint venture between BHP Billiton and Rio
Tinto is facing mounting opposition from governments and the global steel
industry, the Australian Financial Review said. [ID:nWLF004606]

ROYAL DUTCH SHELL (RDSa.L: )

The oil giant faces another turbulent annual general meeting next month
after failing to assuage investor concerns about director pay, the Daily Mail
said, citing a leading institutional shareholder.

BAE SYSTEMS (BAES.L: )

BAE has won a Ministry of Defence contract, worth 25 million dollars, to
supply anti-missile technology for Chinook and Tornado aircraft in Afghanistan,
the Daily Telegraph said.

COBHAM (COB.L: )

Competition for acquisitions is rising as defence companies look to expand
their business amid a tougher budget outlook, the head of the firm’s U.S.
defence business, Jeremy Wensinger said in an interview at the National Space
Symposium conference in Colorado Springs. [ID:nN13114110]

BANKS

The International Monetary Fund has called for U.S. and European regulators
to consider setting higher bespoke capital requirements for banks deemed “too
big to fail”, the Financial Times said.

ASHMORE GROUP (ASHM.L: )

The fund manager issues a third-quarter trading update.

JD SPORTS FASHION (JD.L: )

The sporting goods retailer posts full-year results.

AGI THERAPEUTICS (A9I.L: )

The specialty pharmaceuticals firm reports full-year results.

Investment Analysis

(Reporting by Jon Hopkins)

UK Stocks — Factors to watch on April 14