Britain's FTSE 100 index is seen opening lower on Monday, with futures down 0.22%.

* LENDERS: British banks and building societies expect to lend 23% less to home-buyers next year, taking mortgage volumes back to their level before the COVID pandemic after a two-year boom that lifted house prices by more than a quarter.

* MANUFACTURERS: British manufacturers expect output to fall by 3.2% next year after a 4.4% decline in 2022, as they are hit by rising raw material prices and borrowing costs and a slide in consumer demand, a trade body said.

* OIL: Oil prices rose more than 1% in early Asian trade on Monday as a key Canada-United States crude pipeline stayed shut while Russian President Vladimir Putin threatened to cut production in retaliation against a Western price cap on Russian oil exports.

* GOLD: Gold prices fell on Monday, dragged down by a firmer dollar, while investors positioned for key U.S. inflation data and the Federal Reserve's rate-hike verdict due this week.

* METALS: Copper fell on Monday from near six-month highs, as the U.S. dollar firmed ahead of rate decisions by central banks later this week, with fears of a global recession and bleak metals demand weighing on prices further.

* The UK blue-chip index edged higher on Friday as financial stocks rose on a government move to overhaul the sector, while investors awaited interest rate decisions from major central banks next week.

* For more on the factors affecting European stocks, please click on:

 

TODAY'S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Radhika Anilkumar in Bengaluru; Editing by Nivedita Bhattacharjee)