{"id":13182,"date":"2021-08-23T12:39:35","date_gmt":"2021-08-23T12:39:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/23\/ftse-100-rebounds-on-better-than-expected-manufacturing-pmi\/"},"modified":"2021-08-23T12:39:35","modified_gmt":"2021-08-23T12:39:35","slug":"ftse-100-rebounds-on-better-than-expected-manufacturing-pmi","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/23\/ftse-100-rebounds-on-better-than-expected-manufacturing-pmi\/","title":{"rendered":"FTSE 100 Rebounds On Better-than-expected Manufacturing PMI"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K.&#8217;s FTSE 100 has staged a not-so-shy rebound after the deep cuts suffered in the previous week, after August PMI data showed that manufacturing sector performed better than expected. This coupled with takeover talks about Britain&#8217;s second biggest supermarket chain Sainsbury eclipsed possible negative sentiment over unexpected decline in services PMI to allow the index to rally by more than 0.30 percent.<\/p>\n<p>Reports showed that the IHS Markit\/CIPS Manufacturing PMI edged down to 60.1 from 60.4 in July, but higher than the market forecast of 59.5.  <\/p>\n<p>The IHS Markit\/CIPS Services PMI dropped to 55.5 from 59.6 in the previous month and well below the market expectations of 59.0.<\/p>\n<p>FTSE 100 is currently trading at 7112.48, up 0.35 percent over previous close of 7087.90.<\/p>\n<p>At this level, the benchmark is just 1.5 percent shy of breaching the 52-week high of 7220.14.<\/p>\n<p>41 scrips in the 101-scrip index are currently declining from Friday&#8217;s levels.<\/p>\n<p>Sainsbury has rallied by 14.7 percent amidst reports that private equity firms were looking at the U.K. supermarket chain with a view of a potential bid. <\/p>\n<p>Burberry group has rallied around 3.5 percent. <\/p>\n<p>BT group has shed more than 3 percent.<\/p>\n<p>The GBPUSD pair is hovering around 1.3692.<\/p>\n<p>Yields on U.K.&#8217;s ten-year bonds have increased to 0.5525 percent versus previous close of 0.5240 percent, reflective of the potential pains to growth painted by the PMI surveys. <\/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 Rebounds On Better-than-expected Manufacturing PMI<\/a><br \/>\n<br \/>2021-08-23 12:39:35<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K.&#8217;s FTSE 100 has staged a not-so-shy rebound after the deep cuts suffered in the previous week, after August PMI data showed that manufacturing sector performed better than expected. This&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13183,"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-13182","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13182","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=13182"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13183"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}