UK Stocks — Factors to watch on Tuesday

LONDON, Oct 26 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index
is seen opening down 9-14 points, or as much as 0.3 percent lower on Tuesday,
according to financial bookmakers, tracking falls in Asia, with investors
awaiting British third quarter GDP numbers.

Economists polled by Reuters are unanimous that Britain’s quarterly rate of
GDP growth will slow sharply from the second quarter’s nine-year high of 1.2
percent, with forecasts ranging from a 0.8 percent rise in GDP to a 0.2 percent
decline.

The median forecast for a fall in third-quarter GDP growth to 0.4 percent
would take it below its trend rate of around 0.6 percent. [ID:nLDE69O0UG]

The UK blue chip index closed up 10.61 points, or 0.2 percent on Monday at
5,751.98, just below last Thursday’s 6-month closing high, supported by strength
in miners as metals and crude prices rose with a weaker dollar after G20 finance
ministers agreed at the weekend to avoid competitive currency devaluations.

U.S. stocks (Read more about the stock market today. ) rose to a five-and-a-half month high on Monday as a falling
dollar, partly driven by expectations of further quantitative easing by the
Federal Reserve, prompted investors to buy riskier assets.

Asian stocks, however, slipped on Tuesday but stayed close to a 28-month
high, while the dollar edged up against the euro as dealers took some profits
with debate about the outcome of next week’s Federal Reserve meeting clouding
the near-term outlook.

Fed officials have not been uniform in their comments about “QE2”, leading
to some doubts in markets about how big such a programme will be. Kansas City
Fed President Thomas Hoenig even called more asset buys by the central bank a
“very dangerous gamble”. [ID:nWEN1756]

The highlight of a batch of U.S. economic pointers due on Tuesday will be
October’s consumer confidence index, with a reading of 49.2 expected, up from
48.5 in September.

Tech stocks could come under pressure after U.S. chipmaker Texas Instruments
(TXN.N: ) warned that its fourth-quarter revenue will be hurt by slowing demand
for computers and televisions, though its third-quarter results, released after
the Wall Street closing bell, beat forecasts. [ID:nN25274454]

The flow of U.S. third-quarter earnings continues on Tuesday, with figures
from Ford (F.N: ) likely to be the main feature ahead of the New York open.

* GLOBAL MARKETS-Asian stocks slip as dollar fights higher [ID:nSGE69P05G]

* Wall St advances on dollar weakness, Fed bets [ID:nN25288670]

* Nikkei edges lower as yen stands tall, but rangebound [ID:nTOE69P02S]

* Dollar hovers above record low vs yen, Japan unhappy [ID:nTOE69P012]

* Long bonds firm, 10-yr/30-yr spread near 2-wk low [ID:nTOE69P03C]

* Oil under pressure from dollar as currency link deepens [ID:nSGE69P04H]

* Gold steady ahead of Fed move; spot trade thin [ID:nSGE69P05M]

* METALS-Copper cools as dollar gains strength [ID:nSGE69P00Z]

UK stocks to watch on Tuesday are:

HSBC (HSBA.L: )

Rumours persist that the bank is lining up a $65 a share cash offer for
Northern Trust (NRTS.O: ), the Daily Mail market report said.

ARM HOLDINGS (ARM.L: )

The microchip designer posts third-quarter results.

INTERCONTINENTAL HOTELS (IHG.L: )

Las Vegas Sands Corp’s (LVS.N: ) Strip resorts, the Venetian and Palazzo, are
joining the portfolio of InterContinental Hotels Group (IHG.L: ), under a 10-year
licensing [ID:nN25268296]

AGGREKO (AGGK.L: )

Aggreko said at the close on Monday that has won a $180 mln Bangladesh power
plant contract. [ID:nWLA6164]

AFREN (AFRE.L: )

The African-focused oil explorer issues a trading update.

BRAEMAR SEASCOPE (BRMS.L: )

The shipping services firm reports first-half results.

LIDCO GROUP (LID.L: )

The medical equipment firm delivers first-half results.

(Reporting by Jon Hopkins; Editing by David Cowell)

UK Stocks — Factors to watch on Tuesday