UK Stocks — Factors to watch on Oct 13

LONDON, Oct 13 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) was
seen rising 16-19 points on Wednesday after minutes from the
U.S. Federal Reserve firmed expectations it may take action to
boost the economy.

The blue-chip index was seen gaining around 0.3 percent
after falling 0.2 percent on Tuesday to close at 5,661.59.

Details from the Fed’s latest meeting showed the U.S.
central bank may soon flood markets with cheap cash soon to
further boost growth.

Stronger-than-expected third-quarter results and a forecast
for better sales in the fourth quarter from chipmaker Intel
(INTC.O: ) also brightened the mood, helping to lift shares across

Commodity stocks were likely to be among top gainers as
copper hit a 27-month high and crude rose above $82 per barrel
supported by soaring Chinese crude imports.

British consumer confidence fell in September to its lowest
level in a year, a survey showed on Wednesday, in another sign
that a coming round of spending cuts is souring the public

The Nationwide Consumer Confidence index fell nine points to
53 last month, reversing the gain seen in August and resuming a
downward trend that had been in place since the run-up to the
election in May. [ID:nSLACLE6FC]

Investors will watch unemployment data for clues on the
state of the domestic economy. Claimant count was forecast to
have risen 5,000 in September while the ILO unemployment rate
for August was predicted to be 7.8 percent.

Technical pointers suggested significant support for the
index not far below current levels.

“The end-of-day FTSE 100 has traded into the uptrending
range of a rising wedge with support currently at 5,600 and
resistance at 5,790,” Raghee Horner, chief market analyst at

“This pattern is maintaining uptrend line support which is
overlapping with the major psychological level at 5600.”

Ex-dividend factors will knock 1.77 points off the index
with Cobham (COB.L: ), Old Mutual (OML.L: ), Tesco (TSCO.L: ) and
Smith & Nephew (SN.L: ) all losing payout attractions.

* GLOBAL MARKETS-Asian stocks gain on tech strength


* US STOCKS-Wall St rises as Fed seen easing soon


* Nikkei up, Intel lifts chip stocks but yen caps rise


* TREASURIES-Edge higher in Asia after previous day’s drop

* Dollar languishes, euro heads up towards $1.40


* PRECIOUS-Gold rises on weak dollar after Fed minutes


* METALS-LME, COMEX copper at 27-month peaks


* Oil surpasses $82 after China crude imports soar


UK stocks to watch are:


The bank said it plans to raise 3.3 billion pounds ($5.3
billion) through a rights offering to raise its capital adequacy
ratio. [ID:nTOE69C04O]


BHP Billiton and Rio Tinto will meet EU antitrust regulators
by the end of this month to help the European Commission decide
whether to clear their proposed joint venture, sources said on
Tuesday. [ID:nLDE69B269]


The fashion group releases a trading update.


The miner releases a trading update.


> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]
(Reporting by Simon Falush)

UK Stocks — Factors to watch on Oct 13