Reuters | Aug 17, 2020 07:51
Aug 17 (Reuters) - Britain's FTSE 100 index is seen opening 4 points lower at 6,086 on Monday, according to financial bookmakers, with futures down 0.2% ahead of cash markets open.
UNILEVER: Unilever's German food company Knorr will rename its popular "Zigeuner" - or gypsy - sauce as Hungarian-style paprika sauce after complaints that the name is offensive, becoming the latest brand to shift after a wave of protests over racism.
OIL: Oil prices rose on Monday as China's plans to ship in large volumes of U.S. crude in August and September outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.
METALS: Nickel prices advanced on Monday, with Shanghai nickel set for its third straight session of gains, as ore output from top exporter the Philippines slumped in the first half of 2020 due to the COVID-19 crisis.
The UK blue-chip index (.FTSE) fell 1.6% on Friday as travel stocks tumbled after Britain imposed new quarantine measures on travellers from France and other countries, while disappointing data from around the world raised worries of a delayed global economic rebound.
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Written By: Reuters
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