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UPDATE 1-UK Stocks-Factors to watch on Dec 31

ReutersDec 31, 2024 7:41 AM

Adds new items, updates futures

- Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.3%.

* WIZZ AIR: Wizz Air WIZZ.L expects 40 of its planes to stay grounded through fiscal 2026, the low-cost Hungarian airline said on Tuesday, and announced a new support agreement with defence and aerospace firm RTX's RTX.N Pratt & Whitney.

* OIL: Oil prices rose in early trade on Tuesday after data showed China's manufacturing activity expanded in December, but for a second consecutive year oil was on track to end lower due to demand concerns in top consuming countries.

* METALS: Most base metal prices rose on the last trading day of 2024, with copper posting a 4.2% year-on-year increase, driven by encouraging factory activity data from China that outweighed pressure from a stronger U.S. dollar.

* GOLD: Gold prices were little changed on Tuesday, the last trading day of an eventful year that saw the metal post its best annual performance in more than a decade.

* London's FTSE 100 snapped a three-session winning streak on Monday, with gold miners leading broader market declines as investors booked some profits heading into the new year.

* 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)

((Yamini.Kalia@thomsonreuters.com;))

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