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UK Stocks-Factors to watch on Sept 12

Thu, 12th Sep 2019 06:38

Sept 12 (Reuters) - Britain's FTSE 100 index is seen opening up 37 points at 7,375 on Thursday, according to financial bookmakers.

* LONDON STOCK EXCHANGE: Hong Kong Exchanges and Clearing Ltd (HKEX) unveiled a $39-billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday that received a cool response from investors concerned about its regulatory and financial hurdles.

* HSBC: HSBC is planning to exit its French retail banking business under interim chief executive Noel Quinn, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

* OIL: Oil prices jumped on Thursday, bouncing back from heavy losses in the previous session, buoyed by moves to ease trade tensions between Washington and Beijing and a drop in U.S. crude inventories to the lowest in nearly a year.

* GOLD: Gold prices fell as equities gained on improving risk sentiment buoyed by signs of gradual de-escalation in U.S.-China trade tensions, while investors eyed European Central Bank's meeting for cues on monetary policy easing.

* EX-DIVS: Melrose Industries PLC will trade without entitlement to its latest dividend pay-out on Thursday, trimming 0.3 points off the FTSE 100 according to Reuters calculations.

* The UK blue chip index on Wednesday closed up 1% at 7338.03 points on signs of less tension in the U.S.-China trade fight and prospects of more stimulus from central banks, while shares in London Stock Exchange scaled a record high after Hong Kong Exchanges and Clearing's offer.

* UK CORPORATE DIARY:

 Safestore                    Trading Update
 IGas Energy                  Half-year Results
 Morrisons                    Half-year Results

* For more on the factors affecting European stocks, please click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Indranil Sarkar in Bengaluru)

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