{"id":7201,"date":"2021-02-04T09:40:05","date_gmt":"2021-02-04T09:40:05","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/04\/ftse-100-modestly-higher-on-recovery-hopes\/"},"modified":"2021-02-04T09:40:05","modified_gmt":"2021-02-04T09:40:05","slug":"ftse-100-modestly-higher-on-recovery-hopes","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/04\/ftse-100-modestly-higher-on-recovery-hopes\/","title":{"rendered":"FTSE 100 Modestly Higher On Recovery Hopes"},"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 were modestly higher on Thursday, with earnings optimism and hopes of a swifter global economic recovery offering some support.<\/p>\n<p>The monetary policy announcement and the quarterly economic and inflation projections are due from the Bank of England later in the day. <\/p>\n<p>The central bank is expected to keep its interest rate unchanged near zero, avoiding a reduction to negative territory at the February meeting. <\/p>\n<p>The bank is also set to maintain the size of quantitative easing at GBP 895 billion. The announcement is due at 7.00 am ET.<\/p>\n<p>The benchmark FTSE 100 edged up 17 points, or 0.3 percent, to 6,525 after closing 0.1 percent lower the previous day. <\/p>\n<p>Housebuilder Barratt Developments jumped 2.9 percent after achieving &#8220;a fantastic first half performance,&#8221; according to its Chief Executive.<\/p>\n<p>Oil giant Royal Dutch Shell edged down slightly after it reported a net loss of almost $21.7 billion in 2020.<\/p>\n<p>Consumer goods giant Unilever slumped 4.3 percent after its underlying sales rose 3.5 percent in the fourth quarter in line with estimates. <\/p>\n<p>Britain&#8217;s biggest broadband and mobile operator BT Group edged down slightly, giving up earlier gains after saying it was on track to meet full-year forecasts. <\/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 Modestly Higher On Recovery Hopes<\/a><br \/>\n<br \/>2021-02-04 09:40:05<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks were modestly higher on Thursday, with earnings optimism and hopes of a swifter global economic recovery offering some support. The monetary policy announcement and the quarterly economic and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7202,"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-7201","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7201","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=7201"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7202"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}