UK Stocks-Factors to watch on June 12
June 12 (Reuters) - Britain's FTSE 100 index is expected to open higher on Monday, with futures up 0.39%.
* RECESSION: Britain's economy now looks likely to sidestep recession entirely this year but deep-rooted problems like weak business investment will persist, the Confederation of British Industry trade body said.
* WAITROSE: British supermarket group Waitrose said it had reduced the price of more than 200 products as part of a 100 million pound ($125.70 million) plan announced earlier this year in the fight to retain customers struggling with high inflation.
* AI: Britain must act quickly to remain a tech capital, Prime Minister Rishi Sunak will tell tech leaders on Monday, urging them to grasp the opportunities and challenges of artificial intelligence.
* ANDREESSEN HOROWITZ: U.S. venture capital firm Andreessen Horowitz said it will set up its first international office in London, at a time when U.S. regulators have increased scrutiny of the cryptocurrency sector.
* OIL: Oil prices declined on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market.
* GOLD: Gold prices dipped on Monday as the U.S. dollar edged higher, and investors positioned for a series of major central bank policy meetings this week, with a likely pause in interest rate hikes by the U.S. Federal Reserve.
* British equities slipped on Friday after chemicals firm Croda hauled the sector to its worst day in over three years, while housing-related stocks continued their downward spiral as stresses in the sector continued to build.
* For more on the factors affecting European stocks, please click on:
TODAY'S UK PAPERS
> Financial Times
> Other business headlines ($1 = 0.7955 pounds) (Reporting by Radhika Anilkumar in Bengaluru)
