{"id":10864,"date":"2021-06-16T09:23:37","date_gmt":"2021-06-16T09:23:37","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/16\/ftse-100-inches-higher-after-inflation-data\/"},"modified":"2021-06-16T09:23:37","modified_gmt":"2021-06-16T09:23:37","slug":"ftse-100-inches-higher-after-inflation-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/16\/ftse-100-inches-higher-after-inflation-data\/","title":{"rendered":"FTSE 100 Inches Higher After Inflation Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks edged higher on Wednesday and the pound held steady, as investors react to the extension of the lockdown relaxation plan and a rise in CPI inflation past the Bank of England&#8217;s 2 percent target for the first time since July 2019. <\/p>\n<p>Data from the Office for National Statistics showed that U.K. consumer price inflation accelerated to 2.1 percent in May from 1.5 percent in April. This was above economists&#8217; forecast of 1.8 percent and the Bank of England&#8217;s target of 2 percent.<\/p>\n<p>Output price inflation came in at 4.6 percent versus 4.0 percent in April, while input price inflation increased to 10.7 percent from 10.0 percent in April.<\/p>\n<p>The benchmark FTSE 100 inched up 8 points, or 0.1 percent, to 7,180 after ending 0.4 percent higher on Tuesday. <\/p>\n<p>Oxford Instruments advanced 1.7 percent. The company announced the acquisition of WITec Wissenschaftliche Instrumente und Technologie GmbH, a German provider of Raman microscopy imaging solutions, for a cash-free, debt-free consideration of 42 million euros.<\/p>\n<p>Tullow Oil rose over 1 percent. The company said that group production to the end of May 2021 averaged 62,000 bopd, in line with expectations.<\/p>\n<p>EverArc Holdings soared 8 percent after announcing it would buy firefighting products and lubricant additives manufacturer Perimeter Solutions in a deal valued at about $2 billion.<\/p>\n<p>Miners Anglo American and Glencore fell more than 2 percent after China&#8217;s stockpiling body said it would release national reserves of major industrial metals in an effort to rein in surging commodities. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>FTSE 100 Inches Higher After Inflation Data<\/a><br \/>\n<br \/>2021-06-16 09:23:37<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks edged higher on Wednesday and the pound held steady, as investors react to the extension of the lockdown relaxation plan and a rise in CPI inflation past the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-10864","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=10864"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10865"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}