* Britain's FTSE 100 index is seen opening down 6-10 points, or 0.2
percent on Wednesday, according to financial bookmakers, retreating after strong
gains in the previous session as investors await news from the latest Federal
Reserve meeting and hope for further economic stimulus measures. For more on the
factors affecting European stocks, please click on
* The latest two-day monetary policy-setting Federal Reserve Open Market
Committee meeting concludes on Wednesday, with a decision on interest rates and
any possible further capital injections for the ailing U.S. economy due after
the London markets close at 1630 GMT.
* The UK blue chip index closed up 95.22 points, or 1.7 percent on Tuesday
at 5,586.31, just below the 5,600 level which it breached briefly in the late
afternoon for the first time since the start of May. Escalating hopes for
concerted economic stimulus measures from central banks helped drive Britain's
leading share index up to a six-week high, with a fall in British inflation seen
as increasing the chances of another Bank of England move.
* London copper futures slipped on Wednesday on worries over Spain's
debt problems and as some investors cashed in on gains made the previous day.
But talk of further stimulus by the U.S. Federal Reserve, which could lift
demand for industrial metals, lent support.
* Brent crude was steady at under $96 a barrel on Wednesday, but
prices stayed close to 17-month lows hit the previous session as worries over
Spain's deep borrowing costs lingered ahead of the outcome of the U.S. Federal
Reserve's policy meeting.
* RIO TINTO - The miner will spend $3.7 billion to increase iron ore
output in Australia by a further 25 percent to 353 million tonnes a year by
2015, shrugging off forecasts of waning demand and a looming global supply glut.
* MAN GROUP - The group has named Tim Peach as managing director
and head of its operations in Asia Pacific, a spokeswoman for the $59 billion
hedge fund firm told Reuters on Wednesday.
* British labour market data will be released at 0830 GMT on Wednesday, with
May claimant count seen falling by 3,000, after a 13,700 drop in April, and
April's ILO unemployment rate expected to be unchanged at 8.2 percent.
* Minutes from June's Bank of England Monetary Policy Committee meeting will
also be released at 0830 GMT, with investors keen to see whether there has been
any change in the number of members voting for further quantitative easing (QE).
Forecasters see one less MPC member voting to maintain the central bank's QE
programme at current levels, with a vote count of 7-2 predicted versus 8-1 in
* Ex-dividend factors will knock 2.27 points off the FTSE 100 index on
Wednesday, with Experian, Land Securities, Severn Trent
, and United Utilities all trading without their payout
attractions, which includes a special dividend for Severn Trent.
* UK CORPORATE DIARY:
KESA ELECTRICALS reports full-year results.
INDEPENDENT RESOURCES posts first-half results.
JD SPORTS FASHION holds its annual general meeting
COVE ENERGY holds its annual general meeting.
BRAEMAR SHIPPING SERVICES holds its annual general meeting.
UK COMMERCIAL PROPERTY TRUST holds its annual general meeting.
TODAY'S UK PAPERS
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* 3000 Xtra : visit* BridgeStation: view story .134(Reporting by Jon Hopkins; Editing by Pravin Char)