{"id":37052,"date":"2023-08-02T09:19:27","date_gmt":"2023-08-02T09:19:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/08\/02\/ftse-100-down-127-points-as-traders-await-boe-decision\/"},"modified":"2023-08-02T09:19:27","modified_gmt":"2023-08-02T09:19:27","slug":"ftse-100-down-127-points-as-traders-await-boe-decision","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/08\/02\/ftse-100-down-127-points-as-traders-await-boe-decision\/","title":{"rendered":"FTSE 100 Down 127 Points As Traders Await BOE Decision"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks slumped on Wednesday, with miners suffering heavy losses on China demand worries and Fitch&#8217;s move to downgrade U.S. credit rating. <\/p>\n<p>Investors also looked ahead to the Bank of England&#8217;s interest rate announcement on Thursday and the U.S. nonfarm payrolls report due to be published on Friday for directional cues. <\/p>\n<p>The benchmark FTSE 100 was down 127 points, or 1.7 percent, at 7,539 after closing 0.4 percent lower on Tuesday. <\/p>\n<p>Miners Anglo American, Antofagasta and Glencore fell 2-3 percent.<\/p>\n<p>Ferrexpo dropped 2 percent after reporting a fall in pellet production for the first half of the year.<\/p>\n<p>BAE Systems jumped 5 percent. The defense company upgraded its guidance for 2023 after reporting strong first-half figures. <\/p>\n<p>Housebuilder Taylor Wimpey rallied more than 3 percent after its first-half trading beat expectations. <\/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 Down 127 Points As Traders Await BOE Decision<\/a><br \/>\n<br \/>2023-08-02 09:19:27<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks slumped on Wednesday, with miners suffering heavy losses on China demand worries and Fitch&#8217;s move to downgrade U.S. credit rating. Investors also looked ahead to the Bank of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":37053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-37052","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37052","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=37052"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/37052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/37053"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=37052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=37052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=37052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}