UK Stocks-Factors to watch on Friday Dec 3

LONDON, Dec 3 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index is seen opening
just 1 to 2 points higher on Friday, according to financial bookmakers, pausing
after strong gains in the past two sessions, with all eyes on the key November
U.S. jobs report.

The UK blue chip index closed 125.06 points, or 2.2 percent higher on
Thursday at 5,767.56, its highest close since Nov. 22 and the biggest daily gain
since the start of September, powered by strength in banks and commodity stocks
on increased confidence that the euro zone debt crisis would be contained.

Wall Street rallied for a second day on Thursday as concerns about Europe’s
sovereign debt crisis waned, and in Asia on Friday Japan’s Nikkei rose 0.6
percent (.N225: ), driven higher mainly on buying of the technology sector.

The euro slipped against the dollar on Friday after two days of gains,
supported overnight by talk that the European Central Bank of was buying bonds
of peripheral countries such as Ireland and Portugal, even though no new ECB
policy was formally announced after its council meeting yesterday.

On the domestic data front, the Markit/CIPS British services PMI report for
November will be released at 0928 GMT, but investor attention will be squarely
across the Atlantic on the U.S. jobs numbers.
November nonfarm payrolls, due at 1330 GMT, are forecast to rise by 140,000,
after a 151,000 increase in October, with the unemployment rate and average
hourly earnings both seen unchanged at 9.6 percent and 0.2 percent,
respectively.

The U.S. ISM non-manufacturing index will be released at 1500 GMT.

“The outlook for the FTSE will be determined by whether the current upside
momentum continues. This will be dependent on whether investors are willing to
chase the market higher or wait for another pull-back or test of the recent
low,” said James A. Hyerczyk, analyst at Autochartist.

“The key to sustaining the rally will be the ability to create support at
5,756 to 5,710. If this area fails to hold as support, then this market is
likely to correct back to 5,655.”

* Tokyo’s Nikkei share average closes up 0.10 pct [ID:nECB001061]

* Wall St rallies as euro concerns ease, data eyed [ID:nN02261544]

* US dollar, stocks poised to gain on jobs recovery [ID:nL3E6N303U]

* Copper slips after sharp gains, U.S. data eyed [ID:nL3E6N3016]

* Oil trades near 25-mth high before U.S. jobs report [ID:nL3E6N3086]

* Treasuries-Inch up in Asia, 10-yr yield hovers below 3 pct [ID:nTOE6B201Z]

UK stocks to watch on Friday are:

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

The two global miners, which in October ditched a $116 billion merger plan
in iron ore mining over anti-competitive protests, on Friday won Western
Australia state government approval to integrate some operations.
[ID:nL3E6N3045]

Also, Rio Tinto and Chinalco will form a joint venture to explore mineral
deposits in China with Rio holding 49 percent and Chinalco the rest.

BAE SYSTEMS (BAE.L: )

The defence firm said on Thursday it is seeing high interest in the sale of
its aerospace platforms solution unit, but gave no details on when a deal could
be announced or its possible value.[ID:nN02261988]

BT (BT.L: )

The telecoms operator has offered to match an 830 million pound ($1.30
billion) government subsidy to offer its superfast broadband to 90 per cent of
the population by 2017, The Times said.

RBS (RBS.L: )

There were demands on Thursday that a report into the collapse of Royal Bank
of Scotland [ABNNV.UL] and its subsequent bail-out be made public, after the
Financial Services Authority yesterday exonerated the bank’s board and
management of any wrongdoing, The Daily Telegraph said.

MITIE (MTO.L: )

MITIE is refunding suppliers tens of thousands of pounds after an
investigation by The Daily Telegraph found that some have been charged 10,000
pounds for the privilege of working for the FTSE 250 outsourcing group, The
Daily Telegraph said.

BRITISH AIRWAYS (BAY.L: )

The airline reports November traffic figures at 1415 GMT.

GREENE KING (GNK.L: )

The brewer posts first-half results.

BERKELEY GROUP (BKGH.L: )

The housebuilder unveils first-half results.

STHREE GROUP (STHR.L: )

The staffing firm issues a trading update.

PURSUIT DYNAMICS (PUDY.L: )

The PDX atomiser and reactor developer delivers full-year results.

FALKLAND ISLAND HOLDINGS (FKL.L: )

The diversified logistics firm reports first0half results.

CERES POWER (CWR.L: )

The fuel cell boiler group holds its annual general meeting.

INTERIOR SERVICES GROUP (ISG.L: )

The construction management firm holds its annual general meeting.

(Reporting by Jon Hopkins; Editing by Hans Peters)

UK Stocks-Factors to watch on Friday Dec 3