UK Stocks-Factors to watch on May 11
May 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Monday, with futures FFIc1 up 0.13%.
JOBS: Britain's jobs market lost momentum in April after recruiters turned more cautious about hiring as the Iran war heightened cost pressures, an industry survey showed.
OIL: Oil prices rallied, a day after President Donald Trump said Iran's response to a U.S. proposal was "unacceptable," raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight.
METALS: Copper prices edged higher, supported by stronger-than-expected inflation data from top consumer China and supply concerns after Freeport delayed a full recovery of its Grasberg mine in Indonesia.
GOLD: Gold prices fell, as a lack of progress in U.S.-Iran peace negotiations pushed oil prices higher, fuelling concerns that elevated inflation could keep interest rates higher for longer.
FTSE: UK's FTSE 100 slipped on Friday as fresh clashes in the Gulf raised fears over a fragile month-long U.S.-Iran ceasefire, while investors digested early local election results showing heavy losses for Prime Minister Keir Starmer's Labour Party.
UK CORPORATE DIARY:
Compass Group | CPG.L | HY results |
Victrex | VCTX.L | HY results |
Caledonia Mining | CALq.L | Q1 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
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