UK Stocks-Factors to watch on Oct 16
Oct 16 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.09%.
* GSK: British drugmaker GlaxoSmithKline GSK.L sued Moderna MRNA.O in U.S. federal court in Delaware on Tuesday, accusing it of violating GSK patent rights in messenger RNA technology with its blockbuster COVID-19 vaccine Spikevax and RSV shot mResvia.
* GOLD: Gold prices inched higher on Wednesday, as U.S. Treasury yields eased, while market participants waited for more U.S. economic data to determine the number of interest rate cuts the Federal Reserve is likely to deliver in the near term.
* OIL: Oil prices inched higher in early trade on Wednesday on uncertainty over what may happen next in the Middle East conflict, after demand concerns knocked the market to its lowest since early October in the previous session.
* Britain's FTSE 100 fell on Tuesday, as a plunge in commodity prices knocked heavyweight oil and mining stocks lower, while a mixed labour market data put the Bank of England on track to cut interest rates next month.
* UK CORPORATE DIARY:
Whitbread | WTB.L | HY results |
British American Tobacco | BATS.L | Capital markets day |
Quilter | QLT.L | Q3 trading update |
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
Reporting by Yamini Kalia in Bengaluru
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