{"id":68407,"date":"2026-01-07T11:57:32","date_gmt":"2026-01-07T11:57:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/01\/07\/ftse-100-shed-0-6-as-resources-bank-stocks-fall\/"},"modified":"2026-01-07T11:57:32","modified_gmt":"2026-01-07T11:57:32","slug":"ftse-100-shed-0-6-as-resources-bank-stocks-fall","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/01\/07\/ftse-100-shed-0-6-as-resources-bank-stocks-fall\/","title":{"rendered":"FTSE 100 Shed 0.6% As Resources, Bank Stocks Fall"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stock market&#8217;s benchmark FTSE 100 drifted lower Wednesday morning, weighed down by losses in energy and mining stocks due to a drop in commodity prices. Pharmaceuticals and bank stocks also declined sharply.<\/p>\n<p>The FTSE 100 was down 58.60 points or 0.58% at 10,064.13 a few minutes before noon.<\/p>\n<p>Mining stocks fell after prices of precious metals dropped on profit taking after recent gains. Antofagasta and Fresnillo slid 4.6% and 4.3%, respectively. Anglo American Plc lost 2.7% and Endeavour Mining dropped by about 1.6%. Rio Tinto shed nearly 1%.<\/p>\n<p>Energy stocks Shell and BP drifted down by 4% and 3.5%, respectively, as oil prices slipped after the U.S. and Venezuela reached an agreement allowing the export of up to $2 billion worth of Venezuelan crude oil to U.S. ports.<\/p>\n<p>Among the gainers, Barratt Redrow moved up 3%, Persimmon advanced 2.75%, Kingfisher climbed 2.5% and Vodafone Group rallied 2.4%.<\/p>\n<p>British Land, LondonMetric Property, Relx, Land Securities, Segro, Mondi, Sainsbury (J), IMI, Berkeley Group Holdings and Airtel Africa also posted strong gains.<\/p>\n<p>Natwest Group and Intercontinental Hotels Group lost 3.6% and 3.3%, respectively. Burberry Group, EasyJet, Diageo, Standard Chartered, Prudential, Entain, Barclays Group, Hikma Pharmaceuticals and GSK also declined sharply.<\/p>\n<p>On the economic front, the S&amp;P Global UK Construction PMI rose to 40.1 in December of 2025 from the over-five-year low of 39.4 in the previous month.<\/p>\n<p>Civil engineering activity the reading for the month came in at 32.9, following a score of 30.0 in November. Both housing activity (33.5 vs 35.4) and commercial construction (42 vs 43.8) dropped the most since May 2020. <\/p>\n<\/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 Shed 0.6% As Resources, Bank Stocks Fall<\/a><br \/>\n<br \/>2026-01-07 11:57:32<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stock market&#8217;s benchmark FTSE 100 drifted lower Wednesday morning, weighed down by losses in energy and mining stocks due to a drop in commodity prices. Pharmaceuticals and bank stocks&#8230;<\/p>\n","protected":false},"author":2,"featured_media":68408,"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-68407","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/68407","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=68407"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/68407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/68408"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=68407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=68407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=68407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}