UK Stocks — Factors to watch on Nov 1

LONDON, Nov 1 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index is seen rising on
Monday, tracking strength in Asia after surprisingly strong manufacturing data
from China boosted sentiment.

Investors are focused this week on events anticipated to govern near-term
direction in the market. Of key interest will be a policy-setting meeting on
Nov. 2-3 in which the U.S. Federal Reserve is expected to decide on its course
of action for monetary easing.

The U.S. midterm elections on Tuesday will also attract attention.

The UK blue-chip index looks set to gain 29 to 35 points, or as much as 0.6
percent, according to financial bookmakers, after it closed 2.73 points, or 0.1
percent, lower at 5,675.16 on Friday.

The index fell 1.2 percent last week after gaining for each of the three
previous weeks.

China’s factories ramped up their production last month and were buoyed by
an influx of new business, highlighting the strength of the world’s
second-largest economy but also pointing to price pressures. [ID:nTOE6A001P]

UK banks will be in focus this week, with Lloyds Banking Group (LLOY.L: )
scheduled to release a trading update on Tuesday, and Royal Bank of Scotland
(RBS.L: ) and HSBC (HSBA.L: ) due to issue updates on Friday.

On the domestic economics front, Bank of England decisions on interest rates
and quantitative easing, due on Thursday, will fall under the spotlight.

Ahead of this, investors will look at October UK Markit/CIPS manufacturing
PMI on Monday — due at 0928 GMT — October UK Markit/CIPS construction PMI on
Tuesday, and October UK Markit/CIPS services PMI on Wednesday. October UK PPI
data is due on Friday.

On the other side of the Atlantic, on Monday, U.S. September personal income
data is due at 1230 GMT, along with U.S. September personal consumption data and
U.S. September personal spending data, with U.S. October ISM data out at 1400
GMT.

On Wednesday, investors will look at U.S. October ADP employment figures,
U.S. September factory orders data, and the U.S. October ISM non-manufacturing
index.

U.S. weekly jobless claims data will be of interest on Thursday, with U.S.
October non-farm payrolls data scheduled for release on Friday along with U.S.
September pending home sales data and U.S. September consumer credit data.

The Bank of Japan has pushed forward its next meeting from mid-November to
Nov. 4-5, in a move seen as a precaution in case the BOJ needs to respond to Fed
action.

The European Central Bank rate decision is due on Thursday.

* GLOBAL MARKETS-Asian shares up on China PMI [ID:nSGE6A0034]

* US STOCKS-Solid October ends flat ahead of Fed, elections [ID:nN29241403]

* Nikkei hits 7-wk low in choppy trade; yen, Fed eyed [ID:nTOE6A002W]

* TREASURIES-Dip in Asia, on back foot ahead of key events [ID:nTOE6A002J]

* Dlr/yen jump short-lived after suspected miss-hit [ID:nTOE6A0025]

* Gold rises to 2-week high on dollar; silver soars [ID:nSGE6A004J]

* Copper rallies; dollar eases before Fed [ID:nSGE6A0044]

* Oil rises on weaker dollar, expectations for Fed stimulus [ID:nSGE6A003B]

UK stocks to watch on Monday:

BHP BILLITON (BLT.L: )

The miner needs to clear three hurdles over the next week before it will be
free to raise its $39 billion bid for Potash Corp (POT.TO: ), as widely expected.

The UK’s Sunday Times, citing sources close to the situation, reported that
BHP plans to sweeten its offer by 10 percent. [ID:nSGE6A000E]

BG GROUP (BG.L: )

The British energy corporation said on Sunday it had given final approval to
a $15 billion project to develop a major new liquefied natural gas project in
northeastern Australia. [ID:nSGE69U029]

ROYAL BANK OF SCOTLAND (RBS.L: )

RBS has hired John McIntyre, a former head of acquisitions at Dresdner
Kleinwort, as head of corporate finance in Europe, the Middle East and Africa,
the Daily Telegraph said. [ID:nLDE6A000V]

WM MORRISON SUPERMARKETS (MRW.L: )

Britain’s fourth-largest supermarket chain is to train homeless people as
fishmongers, butchers and bakers to fill 10 percent of its new jobs, the Daily
Telegraph said.

SERCO (SRP.L: )

The UK government will order the outsourcing company to explain why it
contacted suppliers to demand a 2.5 percent “cash rebate” on their work this
year or risk losing future contracts, the Sunday Telegraph reported.
[ID:nLDE69U0FA]

MARKS & SPENCER (MKS.L: )

The British retailer is looking to re-acquire some of the properties that it
sold in 2001 when it exited Europe, the Sunday Telegraph reported.
[ID:nLDE69U091]

MONEYSUPERMARKET.COM (MONY.L: )

The price comparison website has been targeted by private equity group Apax
in a move to combine the site with U.S. business, Bankrate, said the Daily
Telegraph.

WEIR GROUP (WEIR.L: )

The engineering firm issues a trading update.

ELEMENTIS (ELM.L: )

The chemicals maker issues a trading update.

MONDI (MNDI.L: )

The papermaker issues a trading update.

TELECITY GROUP (TCY.L: )

The data-centre operator issues a trading update.

TODAY’S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

(Reporting by Tricia Wright)

UK Stocks — Factors to watch on Nov 1