UK stock markets to watch on 11 January

Britain’s FTSE 100 (.FTSE) index is seen opening 3 points higher at 6,876 on Monday.

Royal Mail: Royal Mail Plc (RMG.L) will name board member Simon Thompson as its next chief executive in the coming days, Sky News reported on Sunday.

HSBC: Major HSBC (HSBA.L) shareholders are calling on Europe’s biggest bank to toughen its commitment to cut lending linked to fossil fuels and to turn its climate “ambitions” into targets.

EasyJet: EasyJet (EZJ.L) announced a new five-year term loan facility of $1.87 billion on Friday, which will be secured on aircraft upon drawing.

Environment: A British local government pension group has urged mining giants Rio Tinto (RIO.AX) and BHP (BHPB.L) to clarify how they intend to protect the environment in and around an Arizona copper project that is opposed by many Native American tribes.

Economy: British minister Rishi Sunak expressed concern that higher interest rates might one day jack up the cost of servicing government debt, in comments published on Sunday.

COVID-19: Britain will open seven large-scale vaccination centres on Monday, helping to accelerate the rollout of COVID-19 shots that the government wants to deliver to all vulnerable people by mid-February.

Gold: Gold prices touched a near six-week low, as a stronger dollar and higher U.S. Treasury yields pressured the non-yielding bullion.

Oil: Oil prices fell hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns in Europe and new curbs on movement in China where infections jumped.

The UK blue-chip index (.FTSE) closed 0.2% higher on Friday with gains of more than 6% as investors bet on a swift economic recovery.

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