UK Stocks-Factors to watch on Feb.12 Feb 12 (Reuters) – Britain’s FTSE 100 index is seen opening 13points higher on Wednesday, according to financial bookmakers.* ROLLS-ROYCE: Rolls-Royce is “open-minded” on whether it will joinBoeing in a fresh attempt at addressing the mid=size jet market afterpulling out of an earlier effort over timing, a top company official said.* INSURANCE SECTOR: Complaints about loan insurance ballooned in the finalquarter of 2019, spurred on by British regulators setting an end of Augustdeadline for compensation claims, the Financial Ombudsman Service said.* OFGEM: British energy companies will from May 1 be forced to pay automaticcompensation to customers facing problems when switching supplier, regulatorOfgem said.* BOE: Bank of England Governor Mark Carney gave his backing for governmentborrowing to fund infrastructure investment on Tuesday, shortly after PrimeMinister Boris Johnson approved a major new rail link between London andnorthern England.* GOLD: Gold was little changed, as equities rose after the number of newcoronavirus cases fell, while uncertainty over the economic impact of theoutbreak underpinned bullion.
* OIL: Oil prices climbed as China reported its lowest daily number of newcoronavirus cases since late January, stoking investor hopes that fuel demand inthe world’s second-largest oil consumer may begin to recover from the epidemic.* UK shares rebounded on Tuesday from two sessions of losses after China’ssenior medical adviser suggested the coronavirus epidemic may be over by Apriland U.S.Federal Reserve chief Jerome Powell touted resilience in the Americaneconomy.(Reporting by Shanima A in Bengaluru) 2020-02-12 07:47:53
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