{"id":10906,"date":"2021-06-17T09:38:32","date_gmt":"2021-06-17T09:38:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/17\/ftse-100-drops-after-fed-rate-talk\/"},"modified":"2021-06-17T09:38:32","modified_gmt":"2021-06-17T09:38:32","slug":"ftse-100-drops-after-fed-rate-talk","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/17\/ftse-100-drops-after-fed-rate-talk\/","title":{"rendered":"FTSE 100 Drops After Fed Rate Talk"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks fell on Thursday in cautious trade after Federal Reserve officials projected hikes in interest rates by 2023, a year earlier than expected amid the vaccine rollout. <\/p>\n<p>The benchmark FTSE 100 dropped 35 points, or half a percent, to 7,150 after ending 0.2 percent higher on Wednesday. <\/p>\n<p>Miners Anglo American, Antofagasta and Glencore fell 2-3 percent as China stepped up its campaign to rein in commodity prices.<\/p>\n<p>Banks gained ground as the Fed&#8217;s hawkish comments sent bond yields sharply higher. Standard Chartered surged 3 percent, HSBC Holdings advanced 2.7 percent and Lloyds Banking rose 2 percent.<\/p>\n<p>Travel stocks were also moving higher after reports that Britain may allow those who are double vaccinated against Covid-19 to enjoy a foreign holiday without intrusive red tape. <\/p>\n<p>British Airlines-owner IAG jumped 3.4 percent, Ryanair Holdings rallied 3.5 percent and easyJet soared 4.3 percent. <\/p>\n<\/p>\n<\/div><\/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 Drops After Fed Rate Talk<\/a><br \/>\n<br \/>2021-06-17 09:38:32<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks fell on Thursday in cautious trade after Federal Reserve officials projected hikes in interest rates by 2023, a year earlier than expected amid the vaccine rollout. The benchmark&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-10906","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10906","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=10906"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10907"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}