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UK Stocks-Factors to watch on Aug. 5
Published at 05/08/2020 at 06:19

Aug 5 (Reuters) - Britain's FTSE 100 index is seen opening 2 points higher at 6,038 on Wednesday, according to financial bookmakers.

* AUTOMOBILE: British new car registrations rose by roughly 11% year-on-year in July, according to preliminary industry data for the first full month that showrooms were allowed to reopen across the United Kingdom as lockdown measures eased.

* NATIONAL GRID: Britain’s National Grid is planning a 10 million pound project in the north west of England to test how hydrogen could be used to heat homes and bring down greenhouse gas emissions from industry.

* STANDARD LIFE ABERDEEN: Keith Skeoch, the departing boss of Standard Life Aberdeen , will become acting chairman of Britain's accounting watchdog, Sky News reported.

* OIL: Oil prices fell for the first time in four days, pulling back from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market confidence in a pickup in fuel demand.

* GOLD: Safe-haven gold scaled an all-time peak, extending a record run above the $2,000 mark on a weaker dollar and bets for more stimulus measures to revive a pandemic-ravaged economy.

* The UK blue-chip index ended flat on Tuesday as mixed earnings and rising friction between the United States and China weighed.


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* For more on the factors affecting European stocks, please click on:


> Financial Times

> Other business headlines

(Reporting by Tapanjana Rudra)