UK Stocks-Factors to watch on March 27

LONDON, March 27 (Reuters) - Britain's FTSE 100 index is seen opening 16 to 20 points higher, or up 0.3 percent, on Friday, according to financial bookmakers. For more on the factors affecting European stocks, please click on * The UK blue chip index closed 1.4 percent lower at 6,895.33 points in the previous day, bringing the drop since a record high hit on Tuesday to 2.4 percent. * MINERS - Three-quarters of China's domestic iron ore capacity is incurring losses, an industry offic