{"id":34872,"date":"2023-05-31T09:31:55","date_gmt":"2023-05-31T09:31:55","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/05\/31\/ftse-100-declines-as-commodity-stocks-drag-on-growth-concerns\/"},"modified":"2023-05-31T09:31:55","modified_gmt":"2023-05-31T09:31:55","slug":"ftse-100-declines-as-commodity-stocks-drag-on-growth-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/05\/31\/ftse-100-declines-as-commodity-stocks-drag-on-growth-concerns\/","title":{"rendered":"FTSE 100 Declines As Commodity Stocks Drag On Growth Concerns"},"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. stocks traded lower on Wednesday as lower commodity prices on the back of disappointing manufacturing data from China pulled down mining and energy stocks.<\/p>\n<p>Traders also watched the latest developments surrounding the U.S. debt ceiling bill.<\/p>\n<p>Anglo American, Glencore, BP Plc and Shell lost 1-2 percent after China reported a contraction in manufacturing activity in May. <\/p>\n<p>The benchmark FTSE 100 was down 14 points, or 0.2 percent, at 7,508 after losing 1.4 percent on Tuesday. <\/p>\n<p>Entain, owned by Ladbrokes, fell over 2 percent after the company revealed it expects to be hit by a large fine as part of an investigation by Britain&#8217;s tax authority over historic corporate misconduct involving former third-party suppliers.<\/p>\n<p>B&amp;M European Value Retail S.A. jumped 5.6 percent after the discount retailer said it expects current adjusted core earnings to be higher in 2024.<\/p>\n<p>Bloomsbury Publishing gained 2 percent after FY23 profit and revenue beat expectations. <\/p>\n<p>Retailer WH Smith added 1 percent after lifting its full-year guidance. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Declines As Commodity Stocks Drag On Growth Concerns<\/a><br \/>\n<br \/>2023-05-31 09:31:55<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks traded lower on Wednesday as lower commodity prices on the back of disappointing manufacturing data from China pulled down mining and energy stocks. Traders also watched the latest&#8230;<\/p>\n","protected":false},"author":2,"featured_media":34873,"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-34872","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/34872","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=34872"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/34872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/34873"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=34872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=34872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=34872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}