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UK Stocks-Factors to watch on May 6
Published at 06/05/2021 at 06:12

May 6 (Reuters) - Britain's FTSE 100 index is seen opening 6 points higher at 7,045 on Thursday, according to financial bookmakers.

* CONSTRUCTION: Britain's construction sector is seeing the biggest increase in its workload in five years, led by a strong demand for housing and the resumption of other projects as the coronavirus pandemic eases, a quarterly survey showed.

* BANK OF ENGLAND: The Bank of England will say today that Britain's economy is heading for a much stronger recovery this year than it previously expected and it might start to slow its pandemic emergency support.

* GOLD: Gold prices edged higher as a dip in U.S. Treasury yields offset pressure from a stronger dollar.

* OIL: Oil prices rose as crude stockpiles in the United States fell more sharply than expected, as refining output rose and exports surged.

* The UK blue-chip index closed 1.8% higher on Wednesday, supported by gains in heavyweight mining and banking stocks on recovery optimism.

* UK CORPORATE DIARY:

Barratt Developments Trading update

Mondi Trading update

Aston Martin Q1 results

Next Plc Trading update

Trainline FY results

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Priyanshi Mandhan in Bengaluru; Editing by Vinay Dwivedi)

((Priyanshi.Mandhan@thomsonreuters.com; +91 9650985606;))