UK Stocks-Factors to watch on July 6

July 6 (Reuters) – Britain’s FTSE 100 index is seen opening 1 point
lower at 7366.2, on Thursday, according to financial bookmakers.

* ROYAL BANK OF SCOTLAND: Royal Bank of Scotland could reach a
settlement with US regulators this week over the mis-selling of toxic mortgage
bonds, Sky news reported on Wednesday.
* EASYJET: easyJet CEO Carolyn McCall has emerged as a top contender
to be the new chief executive of ITV, The Guardian reported on
* SAINSBURY: Supermarket group Sainsbury faced protests from
shareholders and campaign groups at its annual meeting in London on Wednesday
over plans to drop Fairtrade tea, the Guardian reported on Wednesday.
* MARKETS-RATINGS/ESMA: European markets watchdog ESMA has told credit
rating agencies to publish their European sovereign ratings reports in a tighter
window, between 9 pm and 11 pm on Friday London time, sources have told Reuters.

* EU-INSURANCE: The European Union’s insurance industry regulator called on
Wednesday for a harmonised scheme to deal with failing insurers, saying it would
enhance financial stability and protect policyholders.
* BRITAIN-EU/FINANCE: Britain will lose its status as Europe’s top financial
centre unless it keeps borders open to specialist staff, improves infrastructure
and expands links with emerging economies, TheCityUK said in a report published
on Thursday.
* STERLING: Sterling steadied close to a one-week low on Wednesday, as a
survey of Britain’s services businesses added to a string of weak-looking data
that could deter the Bank of England from raising interest rates for the first
time in 10 years.
* USA-FED/MINUTES: United States Federal Reserve policymakers were
increasingly split on the outlook for inflation and how it might affect the
future pace of interest rate rises, according to the minutes of the Fed’s last
policy meeting on June 13-14 released on Wednesday.
* LONDON-COPPER: London copper steadied on Thursday near one-week lows as
the dollar eased back from highs triggered by a Federal Reserve meeting that
clouded the outlook for the pace of future interest rate rises.
* GOLD: Gold held steady on Thursday, after hitting an eight-week low in the
previous session, as the Federal Reserve minutes released on Wednesday showed
the central bank was split on how inflation might affect the future pace of
interest rate hikes.
* OIL: Oil prices nudged higher on Thursday on strong demand in the United
States, but analysts cautioned that oversupply would continue to drag on
* EX-DIVS: Burberry, Next will trade without entitlement to
their latest dividend pay-out on Thursday, trimming 1.33 points off the FTSE 100
according to Reuters calculations
* The UK blue chip index closed 0.14 percent higher at 7357.23 points on
Wednesday, bolstered by buoyant housebuilders after a strong trading update from
Persimmon, as strength in consumer staples underpinned gains.
* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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(Reporting by Justin George Varghese; Editing by Sunil Nair)

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