UK Stocks-Factors to watch on Nov 1

Nov 1 (Reuters) - Britain's FTSE 100 index is seen opening higher on Friday, with futures up 0.14%.

* UK BONDS: British government bond prices tumbled for a second day on Thursday as investors judged finance minister Rachel Reeves' first budget would boost inflation and cause the Bank of England to cut interest rates more slowly.

* BABY FORMULA TRIALS: Abbott and Reckitt unit Mead Johnson are not responsible for a young boy's debilitating intestinal disease, a jury found on Thursday in a lawsuit accusing them of failing to warn of their premature baby formulas' risks, a victory for the two companies following large losses in similar trials.

* OIL: Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses, as geopolitical tensions in the Middle East rose following reports that Iran was preparing a retaliatory strike on Israel from Iraq in the coming days.

* GOLD: Gold traded little changed as investors refrained from taking big positions ahead of the U.S. payrolls data that could provide further clues about the Federal Reserve's interest rate outlook.

* METALS: London copper edged up as a softer U.S. dollar made greenback-priced metals cheaper to holders of other currencies, but was set for a weekly decline amid caution ahead of the U.S. presidential election and a key policy meeting in China.

* The UK's main stock indexes fell to a near three-month low on Thursday as investors scaled back bets of rate cuts from the Bank of England (BoE) following Britain's new big-spending budget plans which has revived worries about inflation.

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Yamini Kalia in Bengaluru)