July 9, 2018 / 5:34 AM / 10 months ago

UK Stocks-Factors to watch on July 9

    July 9 (Reuters) - Britain's FTSE 100         index is seen opening 41
points higher at 7,659, according to financial bookmakers. 
    * MEARS: Mears Group          said chairman Bob Holt would not stand for
re-election at the company's 2019 annual general meeting, two days after a
shareholder called for his removal.             
    * ECHOSTAR/INMARSAT: U.S. satellite group EchoStar Corp          said it
does not intend to make an offer for Britain's Inmarsat Plc         after the
British company rejected a $3.2 billion takeover approach.             
    * COPPER: London copper snapped back sharply on Monday from near one-year
lows hit in the session, as a weak dollar forced short holders to cover
positions even amid simmering trade war tension.             
    * OIL: Oil prices rose on Monday as investors focused on tight market
conditions after data late last week showed U.S. crude inventories fell to their
lowest in more than three years.             
    * GOLD: Gold prices rose on Monday as investors covered their short
positions and the dollar slipped to its weakest since mid-June, while lingering
U.S.-Sino trade tensions supported the bullion as well.             
    * The UK blue-chip index closed up 0.2 percent at 7,617.70 points on Friday.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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 (Reporting by Harish Bhaskar)
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