{"id":49167,"date":"2024-07-11T09:19:13","date_gmt":"2024-07-11T09:19:13","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/11\/ftse-100-gains-after-gdp-data-2\/"},"modified":"2024-07-11T09:19:13","modified_gmt":"2024-07-11T09:19:13","slug":"ftse-100-gains-after-gdp-data-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/11\/ftse-100-gains-after-gdp-data-2\/","title":{"rendered":"FTSE 100 Gains After GDP Data"},"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 eked out modest gains on Thursday and the pound reached a four-month high after data showed the U.K. <span class=\"landLinks\">economy<\/span> rebounded at a faster-than-expected pace in May, adding to doubts about the possibility of an August rate cut by the Bank of England. <\/p>\n<p>Real GDP grew 0.4 percent in May after showing no growth in April, the Office for National Statistics reported. <\/p>\n<p>The actual growth was double the expected 0.2 percent expansion as a result of broad-based expansion in services, manufacturing and construction industries.<\/p>\n<p>The benchmark FTSE 100 rose 0.4 percent to 8,225 after adding 0.7 percent on Wednesday. <\/p>\n<p>In corporate news, water company Pennon soared 7.5 percent after naming an insider as its new CFO. <\/p>\n<p>Peer Severn Trent rallied 3 percent after reporting a strong start to the year.<\/p>\n<p>Oil services firm John Wood declined 1.2 percent after revenues fell 6 percent in the six months to 30 June.<\/p>\n<p>Hays climbed 1.1 percent. The recruiter said it expects full-year profit to be around the bottom end of the market consensus range. <\/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 Gains After GDP Data<\/a><br \/>\n<br \/>2024-07-11 09:19:13<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks eked out modest gains on Thursday and the pound reached a four-month high after data showed the U.K. economy rebounded at a faster-than-expected pace in May, adding to&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49168,"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-49167","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49167","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=49167"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49168"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}