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UK Stocks-Factors to watch on March 5
Published at 05/03/2021 at 05:58

March 5 (Reuters) - Britain's FTSE 100 index is seen opening open 58 points lower at 6,593 on Friday, according to financial bookmakers.

* EMISSIONS: Britain still has not set out a plan on how it will meet its climate target of net zero emissions by 2050, almost two years after setting the goal in law, a parliamentary watchdog said.

* VACCINE: The European Union is planning to extend its export authorisation scheme for COVID-19 vaccines to the end of June, two EU sources told Reuters on Thursday, as a shipment of AstraZeneca shots from the EU to Australia was blocked.

* ASTON MARTIN: Aston Martin boss Lawrence Stroll has big plans for Formula One team and brand. The Canadian billionaire, who made his fortune in fashion, told Reuters the introduction of a budget cap this season and a fairer distribution of revenues could make the dream come true.

* GOLD: Gold declined to a near nine-month low and was set for a third straight weekly decline, as the dollar and bond yields rose after Federal Reserve Chair Jerome Powell's remarks that the rise in yields were not "disorderly."

* OIL: Oil prices rose, extending gains from the previous session, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the COVID-19 pandemic.

* METALS: Most base metals fell, with London nickel set for its worst week in 9-1/2 years, as a firm dollar made greenback-priced metals more expensive to holders of other currencies.

* London's FTSE 100 fell on Thursday, snapping three days of gains as most sectors dropped on concerns over higher Treasury yields and inflation, while major miners traded ex-dividend.

* UK CORPORATE DIARY:

London Stock Exchange Full year results

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

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(Reporting by Shanima A in Bengaluru)

((shanima.a@thomsonreuters.com; Direct: +91 7760347399;))