UK Stocks-Factors to watch on Feb. 8
Feb 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0.13%.
* SHELL: Shell SHEL.L and Brazilian steelmaker Gerdau SA GGBR4.SA said they had reached a binding agreement to create a 50-50 joint venture for the development, construction and operation of a new solar farm in Brazil's Minas Gerais state.
* ASDA: Asda will put its lowest price food ranges in all its stores, it said, after poverty campaigner Jack Monroe criticised British supermarkets for cutting back their budget ranges.
* VODAFONE: Iliad SA ILD.PA made an offer for Vodafone's VOD.L Italian unit last week, Bloomberg News reported, citing people with knowledge of the matter.
* COVID-19 RULES: British consumers slowed the pace of their spending last month as the Omicron COVID-19 wave hit fuel sales and kept people away from bars and restaurants, according to a survey which also pointed to the impact of rising inflation.
* METALS: London aluminium prices hit a near four-month high boosted by dwindling inventories, while coronavirus curbs in the Chinese city of Baise has hit transportation of alumina raising concerns over a potential cut in production.
* GOLD: Gold prices were steady as inflationary pressures kept the safe-haven metal supported near previous session's one-week high, while market participants awaited U.S. inflation data that is crucial for the Federal Reserve's tapering timeline.
* OIL: Oil prices eased ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies.
* Britain's main equity index rose on Monday, led by banking stocks as investors continued to bet on rising interest rates globally, while stronger commodity prices lifted mining shares.
* UK CORPORATE DIARY:
Trading update DCC Plc
Interim Statement Micro Focus
FY results BP
Q4 results SSE
Q3 trading update Ocado
FY results TUI AG
TUIGn.DE Q1 results
* For more on the factors affecting European stocks, please click on:
TODAY'S UK PAPERS
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Reporting by Amna Karimi in Bengaluru
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