{"id":116472,"title":"FTSE 100 headed for its poorest weekly performance in eight months.","publisher":"Share Talk","author":"sharetalk","published":"2024-09-06T09:52:17+00:00","modified":"2024-09-06T09:52:17+00:00","canonical_url":"https://www.share-talk.com/ftse-100-headed-for-its-poorest-weekly-performance-in-eight-months/","markdown_url":"https://www.share-talk.com/ftse-100-headed-for-its-poorest-weekly-performance-in-eight-months.md","json_url":"https://www.share-talk.com/ftse-100-headed-for-its-poorest-weekly-performance-in-eight-months.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Bank of England","banking","BARC","Barclays","Benchmark","BoE","buyback","Chancellor","childcare","CME Group","consumers","Coverage","CS Venkatakrishnan","domestic","energy bill","England","FCA","Fed","Federal Deposit Insurance Corporation","Federal Reserve","FREE","FTSE 100","FTSE 250","FTSE100","futures","Goldman Sachs","household","HSBC","HSBC Holdings","Inflation","investors","Jeremy Hunt","Legal & General","lending","Lloyds Banking Group","London","midcap index","NatWest Group","Ofgem","pandemic","price cap","Prime Minister","program","Prudential","Qatar","Regulators","Rishi Sunak","SEC","Serious Fraud Office","share","Share Talk","ShareHolders","silicon valley","Silicon Valley Bank","SIVB","sterling","SVB","The Bank of England","Traders","Treasury","UK","Underground","USA","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/FTSE-100-11_12_23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"The FTSE 100 declined as investors awaited a crucial U.S. jobs report that could shape the Federal Reserve’s upcoming interest rate decisions.\n\nThe index fell by 0.5% and was on its way to a sixth consecutive daily loss, cumulating in a 1.8% drop for the week—its sharpest weekly decline since mid-January.\n\nDespite this, the FTSE 100 performed better than its European and U.S. counterparts on a weekly basis, with the Stoxx 600 and the S&P 500 each falling around 3%.\n\nThe domestically focused mid-cap FTSE 250 also declined by 0.3%, heading for its largest weekly drop since late July.\n\nSectors like industrial metal miners and energy were among the hardest hit, whereas precious metal miners saw gains, buoyed by rising gold prices.\n\nUK stocks began September on a weak note, influenced by recent poor economic indicators that renewed concerns over a potential U.S. economic downturn, leading to a significant sell-off in risky assets globally in early August.\n\nThe upcoming U.S. non-farm payrolls report, due later today, will be pivotal in setting expectations for the magnitude and timing of rate cuts in the U.S."}