{"id":9714,"date":"2021-05-13T09:36:26","date_gmt":"2021-05-13T09:36:26","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/13\/ftse-100-slides-as-inflation-fears-rise\/"},"modified":"2021-05-13T09:36:26","modified_gmt":"2021-05-13T09:36:26","slug":"ftse-100-slides-as-inflation-fears-rise","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/13\/ftse-100-slides-as-inflation-fears-rise\/","title":{"rendered":"FTSE 100 Slides As Inflation Fears Rise"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks fell sharply on Thursday amid a global sell-off on concerns that rising inflationary expectations could impact the economic recovery from COVID-19.<\/p>\n<p>The benchmark FTSE 100 dropped 145 points, or over 2 percent, to 6,860 after climbing 0.8 percent on Wednesday. <\/p>\n<p>BP Plc fell 3.4 percent and Royal Dutch Shell lost 3.8 percent as oil snapped a four-day gain on news the largest U.S. gasoline pipeline has resumed service. <\/p>\n<p>Weak iron ore prices weighed on the mining sector, with Anglo American, BHP, Antofagasta, Rio Tinto and Glencore falling 3-5 percent.<\/p>\n<p>Insurance company Prudential slumped 5 percent after announcing <span class=\"landLinks\">business<\/span> and Jackson demerger update in advance of its Annual General Meeting. <\/p>\n<p>Burberry shares plummeted 9 percent as the luxury brand reported a 10 percent drop in sales for the year to end-March.<\/p>\n<p>U.K.&#8217;s biggest broadband and mobile provider, BT Group, fell 4.4 percent after reporting a fall in revenue and profit for the full year. <\/p>\n<p>In economic releases, U.K. house prices climbed notably in April as the increase in demand increasingly outstripped supply, monthly survey results from the Royal Institution of Chartered Surveyors, or RICS, showed.<\/p>\n<p>The house price balance rose to 75 percent in April from 62 percent in March. All regions showed sharp pick-up in house price inflation.<\/p>\n<p>A headline net balance of +44 percent of contributors cited a pick-up in buyer enquiries in April, which was virtually unchanged from a reading of +43 percent a month ago. <\/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 Slides As Inflation Fears Rise<\/a><br \/>\n<br \/>2021-05-13 09:36:26<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks fell sharply on Thursday amid a global sell-off on concerns that rising inflationary expectations could impact the economic recovery from COVID-19. The benchmark FTSE 100 dropped 145 points,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9715,"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-9714","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9714","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=9714"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9715"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}