{"id":9492,"date":"2021-05-06T09:41:27","date_gmt":"2021-05-06T09:41:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/06\/ftse-100-subdued-ahead-of-boe-decision\/"},"modified":"2021-05-06T09:41:27","modified_gmt":"2021-05-06T09:41:27","slug":"ftse-100-subdued-ahead-of-boe-decision","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/06\/ftse-100-subdued-ahead-of-boe-decision\/","title":{"rendered":"FTSE 100 Subdued Ahead Of BoE Decision"},"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 subdued on Thursday after strong gains in the previous session. <\/p>\n<p>The Bank of England publishes the outcome of its latest rate-setting committee meeting and economic forecasts later in the day, and it is likely that the central bank might start to slow its pandemic emergency support. <\/p>\n<p>Investors also await the outcome of Scotland&#8217;s election that could trigger a showdown with British Prime Minister Boris Johnson over a new independence referendum.<\/p>\n<p>In economic releases, the U.K. service sector grew at the fastest pace since October 2013, driven by sharp increases in <span class=\"landLinks\">business<\/span> and consumer spending amid easing of restrictions related to the COVID-19 pandemic, final data from IHS Markit showed.<\/p>\n<p>The Chartered Institute of Procurement &amp; Supply services business activity index advanced to 61.0 in April from 56.3 in March. The score was well above the flash estimate of 60.1.<\/p>\n<p>The benchmark FTSE 100 slipped 0.1 percent to 7,029 after climbing 1.7 percent on Wednesday. <\/p>\n<p>Superdry shares soared 17 percent. The clothing retailer said it has returned to revenue growth in the fourth quarter of fiscal 2021, boosted by its ecommerce division.<\/p>\n<p>Retailer Next advanced 2.7 percent as it raised full-year profit forecasts for the second time in two months.<\/p>\n<p>Paper and packaging firm Mondi lost 3.5 percent after an expected in first-quarter earnings. <\/p>\n<p>Melrose Industries edged up slightly after saying trading in 2021 so far has been slightly ahead of 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 Subdued Ahead Of BoE Decision<\/a><br \/>\n<br \/>2021-05-06 09:41:27<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks were subdued on Thursday after strong gains in the previous session. The Bank of England publishes the outcome of its latest rate-setting committee meeting and economic forecasts later&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9493,"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-9492","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9492","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=9492"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9493"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}