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UK Stocks-Factors to watch on June 9
Published at 09/06/2021 at 06:02

June 9 (Reuters) - Futures for Britain's FTSE 100 index were 0.19% lower on Wednesday.

* TAX: British finance minister Rishi Sunak is pushing for the City of London to be exempt from a new global minimum corporation tax system championed by the Group of Seven (G7) economies, the Financial Times reported on Tuesday.

* GOLD: Gold prices held steady as bond yields remained under pressure, with investors on the sidelines ahead of more data on U.S. inflation and the European Central Bank policy meeting.

* OIL: Oil prices rose on signs of strong fuel demand in Europe, while the prospect of a near-term return of Iranian oil supply faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted.

* The UK blue-chip index closed 0.3% higher on Tuesday, helped by gains in miners and travel and leisure stocks, while upbeat earnings from Intermediate Capital Group and British American Tobacco further lifted sentiment.

* UK CORPORATE DIARY:

SSP Group HY 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)

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