{"id":23779,"date":"2022-07-13T09:26:14","date_gmt":"2022-07-13T09:26:14","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/07\/13\/ftse-100-drifts-lower-ahead-of-us-inflation-data\/"},"modified":"2022-07-13T09:26:14","modified_gmt":"2022-07-13T09:26:14","slug":"ftse-100-drifts-lower-ahead-of-us-inflation-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/07\/13\/ftse-100-drifts-lower-ahead-of-us-inflation-data\/","title":{"rendered":"FTSE 100 Drifts Lower Ahead Of US Inflation Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks fell on Wednesday, with miners and financials leading losses ahead of key U.S. inflation data due later in the day. <\/p>\n<p>The pound appreciated against its major rivals after data showed that the U.K. <span class=\"landLinks\">economy<\/span> expanded faster than expected in May.<\/p>\n<p>Data from the Office for National Statistics showed that GDP rose 0.5 percent on month in May, after a revised decline of 0.2 percent in April. Economists had expected a growth of 0.1 percent.<\/p>\n<p>Separate data showed that the visible trade deficit narrowed slightly to GBP 21.45 billion from GBP 21.52 billion in April. The expected level was GBP 21.2 billion.<\/p>\n<p>The benchmark FTSE 100 was down 54 points, or 0.8 percent, at 7,156 after closing up 0.2 percent on Tuesday. <\/p>\n<p>Banks HSBC Holdings, Lloyds Group and Standard Chartered were down between half a percent and 1 percent on recession worries. <\/p>\n<p>J D Wetherspoon shares slumped more than 8 percent after the pub chain warned it will plunge to an annual loss for the third year running.<\/p>\n<p>Concurrent Technologies jumped 7.4 percent after the manufacturer of high-end embedded computer boards for critical applications said it has entered into a supply agreement with a Fortune 500 global medical <span class=\"landLinks\">technology<\/span> company.<\/p>\n<p>Miner and trader Glencore declined 1 percent after completing the sale of a royalty package to Sandstorm Gold Ltd.<\/p>\n<p>Oil &amp; gas exploration firm Tullow Oil fell over 1 percent despite backing its FY production outlook. <\/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 Drifts Lower Ahead Of US Inflation Data<\/a><br \/>\n<br \/>2022-07-13 09:26:14<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks fell on Wednesday, with miners and financials leading losses ahead of key U.S. inflation data due later in the day. The pound appreciated against its major rivals after&#8230;<\/p>\n","protected":false},"author":2,"featured_media":23780,"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-23779","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23779","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=23779"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/23780"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=23779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=23779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=23779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}