{"id":54078,"date":"2024-12-17T09:31:24","date_gmt":"2024-12-17T09:31:24","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/17\/ftse-100-declines-as-wage-growth-accelerates\/"},"modified":"2024-12-17T09:31:24","modified_gmt":"2024-12-17T09:31:24","slug":"ftse-100-declines-as-wage-growth-accelerates","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/17\/ftse-100-declines-as-wage-growth-accelerates\/","title":{"rendered":"FTSE 100 Declines As Wage Growth Accelerates"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks fell notably on Tuesday as investors looked ahead to the Federal Reserve and Bank of England&#8217;s rate decisions.<\/p>\n<p>In economic news, the U.K. unemployment rate remained unchanged in three months to October, the Office for National Statistics said today. <\/p>\n<p>The unemployment rate held steady at 4.3 percent during August to October period &#8211; matching expectations. <\/p>\n<p>Excluding bonus, annual growth in average earnings came in at 5.2 percent compared to economists&#8217; forecast of 5.0 percent &#8211; cementing expectations that the Bank of England will hold off cutting interest rates on Thursday. <\/p>\n<p>Vacancies decreased on the quarter for the 29th consecutive period. <\/p>\n<p>The estimated number of vacancies fell 31,000 on the quarter to 818,000 in September to November.<\/p>\n<p>The benchmark FTSE 100 was down 50 points, or 0.6 percent, at 8,212 after losing half a percent the previous day.<\/p>\n<p>Energy giant BP Plc fell about 1 percent and peer Shell gave up 1.6 percent as crude oil prices extended losses on China demand concerns. <\/p>\n<p>Bunzl slumped 4.5 percent after the <span class=\"landLinks\">business<\/span> supplies distributor said persistent deflation, particularly in continental Europe, will have a slight impact on its annual profit.<\/p>\n<p>Capita shares plummeted 8 percent. The outsourcing firm saw its revenue drop eight percent in the first 11 months of the year. <\/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 Declines As Wage Growth Accelerates<\/a><br \/>\n<br \/>2024-12-17 09:31:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks fell notably on Tuesday as investors looked ahead to the Federal Reserve and Bank of England&#8217;s rate decisions. In economic news, the U.K. unemployment rate remained unchanged in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":54079,"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-54078","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/54078","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=54078"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/54078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/54079"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=54078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=54078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=54078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}