{"id":10945,"date":"2021-06-18T09:31:14","date_gmt":"2021-06-18T09:31:14","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/18\/ftse-100-slides-as-commodities-tumble-on-firm-dollar\/"},"modified":"2021-06-18T09:31:14","modified_gmt":"2021-06-18T09:31:14","slug":"ftse-100-slides-as-commodities-tumble-on-firm-dollar","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/18\/ftse-100-slides-as-commodities-tumble-on-firm-dollar\/","title":{"rendered":"FTSE 100 Slides As Commodities Tumble On Firm Dollar"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks fell on Friday after commodity prices saw a sharp decline amid dollar strength and uncertainty over Chinese policies to reduce speculation. <\/p>\n<p>A hawkish policy outlook from the U.S. Federal Reserve and weak retail sales figures released earlier in the day also dented sentiment. <\/p>\n<p>U.K. retail sales dropped unexpectedly in May after a sharp growth in April when retail restrictions were eased, data from the Office for National Statistics revealed.<\/p>\n<p>Retail sales dropped 1.4 percent month-on-month in May, reversing a 9.2 percent rise in April and confounding expectations for an increase of 1.6 percent.<\/p>\n<p>On a yearly basis, the retail sales volume growth moderated to 24.6 percent in May from 42.4 percent a month ago. This was also slower than the expected expansion of 29 percent.<\/p>\n<p>The benchmark FTSE 100 dropped 36 points, or half a percent, to 7,117 after declining 0.4 percent in the previous session.<\/p>\n<p>BP Plc fell 1.5 percent and Royal Dutch Shell lost about 2 percent as oil extended losses for a second straight session on dollar strength. <\/p>\n<p>Miners Anglo American, Antofagasta and Glencore were modestly lower as copper headed for its biggest weekly loss since March 2020. <\/p>\n<p>Tesco, Britain&#8217;s biggest retailer, lost 2.5 percent after it reported a sharp slowdown in underlying U.K. sales growth in its first quarter.<\/p>\n<p>Inchcape shares jumped 3.8 percent after the automotive distributor delivered a better-than-expected performance in the first half and said full-year pre-tax profit will be &#8220;significantly ahead&#8221; of market consensus.<\/p>\n<p>Irish food company Kerry advanced 1.8 percent. The company has agreed to sell its Meats and Meals <span class=\"landLinks\">business<\/span> in the U.K. and Ireland to Pilgrim&#8217;s Pride for \u20ac819m. <\/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 Slides As Commodities Tumble On Firm Dollar<\/a><br \/>\n<br \/>2021-06-18 09:31:14<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks fell on Friday after commodity prices saw a sharp decline amid dollar strength and uncertainty over Chinese policies to reduce speculation. A hawkish policy outlook from the U.S&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":10946,"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-10945","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10945","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=10945"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10946"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}