UK Stocks — Factors to watch on Nov 8

LONDON, Nov 8 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index is seen edging
lower on Monday, retreating after hitting a 29-month closing high on Friday
following surprisingly strong U.S. jobs data that reinforced optimism about the
economy.

The UK blue chip index looks set to fall 7 to 8 points, or 0.1 percent,
according to financial bookmakers, after it closed 12.56 points, or 0.2 percent,
higher at 5,875.35 on Friday.

In a quiet week in terms of domestic economic data, with nothing significant
scheduled for release on Monday, investors were looking ahead to October RICS
house price data on Tuesday along with September trade balance figures,
September industrial production data, and September manufacturing output
numbers.

The Bank of England quarterly inflation report will be published on
Wednesday.

U.S. stocks (Read more about the stock market today. ) rose for the fifth straight week as investors took heart from
Republican gains in the elections and on news that more cheap money from the
Federal Reserve was on the way. But investors locked in some profits on Friday,
offsetting a robust payrolls report. The U.S. market closed slightly higher.

“Despite the better than expected payrolls figures on Friday from the U.S.,
any optimism seems to have been short-lived and replaced with caution,” Jonathan
Sudaria, a dealer at Capital Spreads, wrote in a note.

“Questions about how sustainable U.S. job growth will be going forward and
the fact that the unemployment rate remained at… 9.6 percent for a third
month, dampened the effect of the headline figure,” he wrote.

No major U.S. data is due on Monday. Investors will look at U.S. September
wholesale inventories on Tuesday, U.S. weekly jobless claims on Wednesday as
well as U.S. October import and export prices, with November preliminary
Reuters/University of Michigan consumer confidence figures out on Friday.

* GLOBAL MARKETS-Commodities jump, Nikkei hits 3mth highs [ID:nSGE6A702H]

* US STOCKS-S&P 500 extends rally to 5th week [ID:nN05291513]

* Nikkei hits 3-mth high; 9,800 resistance eyed [ID:nTOE6A702E]

* After bond sell-off on jobs data, buyers rush in [ID:nLDE6A60HC]

* Dollar rebounds, jobs data sets buybacks in motion [ID:nTOE6A7008]

* Gold hits record before slipping; dollar outlook eyed [ID:nSGE6A705A]

* LME copper reverses gains as dollar gains 0.8 pct [ID:nSGE6A705Z]

* Crude oil steady to higher on U.S. economic data [ID:nSGE6A7027]

UK stocks to watch on Monday:

STANDARD CHARTERED (STAN.L: )

StanChart said investors representing 98.5 percent of its shares signed up
for its $5.3 billion rights issue, which will boost the Asia-focused bank’s
capital ahead of tougher global rules. [ID:nLDE6A60IK]

HSBC (HSBA.L: )

HSBC and JPMorgan (JPM.N: ) have been accused of “intentionally and
unlawfully” supressing the price of silver futures traded on New York’s Comex
stock exchange after a Goldman Sachs employee in London blew the whistle, the
Daily Telegraph said.

BANKS

Some of the biggest trade finance providers, led by HSBC and Standard
Chartered, are lobbying to have tough new capital rules toned down, saying world
trade could be severely hampered, the Financial Times said.

DIAGEO (DGE.L: )

Britain’s business secretary is to intervene on behalf of the drinks group
to smooth its 700 million ($1.1 billion) pound acquisition of China’s Shui Jing
Fang, he was quoted as saying in the Daily Telegraph. [ID:nLDE6A700D]

TESCO (TSCO.L: )

The British retailer and Singapore’s Dairy Farm (DAIR.SI: ) are among those to
submit second-round bids for French retailer Carrefour’s (CARR.PA: ) Southeast
Asian assets, sources familiar with the matter told Reuters. [ID:nTOE6A601D]

BAE SYSTEMS (BAES.L: )

The Eurofighter consortium, made up of Britain, Germany, Spain and Italy, is
leading the race to win a 7 billion pound ($11.3 billion) deal to supply 126
Typhoon fighter jets to the Indian Air Force, the Sunday Telegraph reported.

The Typhoon, produced by Britain’s BAE Systems, Italy’s Finmeccanica
(SIFI.MI: ) and pan-European aerospace firm EADS (EAD.PA: ), topped the Indian Air
Force’s technical assessment of bids, beating the American F16 and F18s, Russian
MiG 35 and France’s Dassault Rafale, the report said.

ROLLS-ROYCE (RR.L: )

Australia’s Qantas Airways (QAN.AX: ) has grounded its A380 fleet for at least
another three days as it investigates oil leaks as a possible cause of the
explosion which tore apart one of the superjumbo’s engines last week.

The airline said its six Airbus (EAD.PA: ) A380 aircraft would be grounded for
at least another 72 hours after an investigation found oil leaks on three
Rolls-Royce engines which have been removed from the planes. [ID:nSGE6A6045]

SERCO (SRP.L: )

The outsourcing group has admitted that two of its biggest suppliers gave in
to aggressive pressure for rebates within days of receiving its demand for the
return of past payments, the Guardian said.

INMARSAT (ISA.L: )

The satellite operator reports third-quarter results.

G4S (GFS.L: )

The security services group issues a trading update.

LANCASHIRE HOLDINGS (LRE.L: )

The Lloyd’s of London insurer reports third-quarter results.

SPIRAX-SARCO ENGINEERING (SPX.L: )

The engineer 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 8