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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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