{"id":38756,"date":"2023-02-03T07:32:20","date_gmt":"2023-02-03T08:32:20","guid":{"rendered":"https:\/\/peymantaeidi.net\/stem-cell\/?p=38756"},"modified":"2023-02-03T11:36:36","modified_gmt":"2023-02-03T11:36:36","slug":"ftse-100-edges-up-midcaps-hit-by-bleak-u-s-tech-results","status":"publish","type":"post","link":"https:\/\/peymantaeidi.net\/stem-cell\/2023\/02\/03\/ftse-100-edges-up-midcaps-hit-by-bleak-u-s-tech-results\/","title":{"rendered":"FTSE 100 edges up, midcaps hit by bleak U.S. tech results"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/peymantaeidi.net\/stem-cell\/wp-content\/uploads\/2023\/02\/5JZUZX2IUBNHJEJPVVHL7NOWNI.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<div class=\"article-body__context_widget__1xxEe article-body__element__2p5pI\">\n<div class=\"context-widget__tabcontainer__7d2ES\"><button class=\"context-widget__scroll__3-ZMf context-widget__left__1l1d8\" type=\"button\" disabled aria-label=\"Scroll tabs left\"><\/button><\/p>\n<ul role=\"tablist\" class=\"context-widget__tabs__18YJD\">\n<li data-testid=\"Text\" role=\"tab\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__default__UPMUu context-widget__tab__1XBL- context-widget__selected__B55Vo\">Summary<\/li>\n<li data-testid=\"Text\" role=\"tab\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__default__UPMUu context-widget__tab__1XBL-\">Companies<\/li>\n<\/ul>\n<p><button class=\"context-widget__scroll__3-ZMf context-widget__right__2iQ-B\" type=\"button\" disabled aria-label=\"Scroll tabs right\"><\/button><\/div>\n<div class=\"context-widget__content__1X4Oq\">\n<ul class=\"summary__summary__31feP\">\n<li data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__NO-2F\">UK stocks set for weekly gains<\/li>\n<li data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__NO-2F\">Tech trio set to weigh on Wall St<\/li>\n<li data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__NO-2F\">B&amp;M, M&amp;S rise after Deutsche Bank upgrade<\/li>\n<li data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu summary__point__NO-2F\">FTSE 100 up 0.2%, FTSE 250 off 0.6%<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p data-testid=\"paragraph-0\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">Feb 3 (Reuters) &#8211; UK&#8217;s blue-chip index edged higher on Friday, boosted by gains in oil major Shell and retailer B&amp;M European, while midcaps slid as U.S. tech majors&#8217; downbeat results offset optimism over major central banks nearing the end of their rate hike cycle.<\/p>\n<p data-testid=\"paragraph-1\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">The commodity-heavy FTSE 100 <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/quote\/.FTSE\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">(.FTSE)<\/a> rose 0.2% after opening lower, with Shell <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/companies\/SHEL.L\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">(SHEL.L)<\/a> jumping 1.8%, a day after it <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/business\/energy\/shell-makes-record-40-billion-annual-profit-2023-02-02\/\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\">delivered<\/a> a record $40 billion profit in 2022.<\/p>\n<p data-testid=\"paragraph-2\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">The FTSE 250 index <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/quote\/.FTMC\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">(.FTMC)<\/a>, however, slid 0.6% as the global mood soured after Wall Street&#8217;s tech titans <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/technology\/apples-weak-iphone-sales-drive-first-profit-miss-since-2016-2023-02-02\/\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\">Apple Inc<\/a> <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/companies\/AAPL.O\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">(AAPL.O)<\/a>, <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/technology\/amazon-beats-estimates-quarterly-sales-2023-02-02\/\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\">Amazon.com Inc<\/a> <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/companies\/AMZN.O\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">(AMZN.O)<\/a> and <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/technology\/alphabet-revenue-misses-estimates-ad-business-takes-hit-2023-02-02\/\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\">Alphabet Inc<\/a> <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/companies\/GOOGL.O\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">(GOOGL.O)<\/a> reported dour results.<\/p>\n<p data-testid=\"paragraph-3\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">Still, both the UK equity indexes were heading for weekly gains after <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/business\/finance\/after-joint-rate-surge-central-banks-start-see-end-sight-2023-02-02\/\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\">dovish comments<\/a> from the Federal Reserve and the Bank of England this week raised hopes that the central banks could pause the rate-hike spree after a series of increases to bring inflation under control.<\/p>\n<div data-testid=\"Latest Updates\" data-variant-id=\"article-latest-updates\" class=\"spacing-container__container__2g5QT spacing-container__t-spacing-single__1uXb9 spacing-container__b-spacing-single__2RCDp spacing-container__max-width__zScFd\">\n<div>\n<h3 data-testid=\"Heading\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__heading_5_latest_updates__3MDLT heading__base__2T28j heading_5_latest_updates tablet-down-latest-updates__heading__Ymr1K\">Latest Updates<\/h3>\n<p data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__body__yKS5U body__base__22dCE body__body_alt__2kEQu tablet-down-latest-updates__show-more__20y2n\">View 2 more stories <\/p>\n<\/div>\n<\/div>\n<p data-testid=\"paragraph-4\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">Bank of England Chief Economist Huw Pill <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/world\/uk\/boes-pill-says-important-not-raise-interest-rates-too-high-2023-02-03\/\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\">said<\/a> it was important not to raise borrowing costs too high, a day after the bank raised interest rates to 4% and forecast a shallow recession.<\/p>\n<p data-testid=\"paragraph-5\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">&#8220;The post-meeting statement suggests that the BoE is preparing to ease off the brake,&#8221; analysts BCA Research told clients. &#8220;The MPC expects looser labor market conditions and the lagged impact of rate hikes to cool the economy going forward.&#8221;<\/p>\n<p data-testid=\"paragraph-6\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">Discount retailer B&amp;M <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/companies\/BMEB.L\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">(BMEB.L)<\/a> gained 2.6% and Marks &amp; Spencer <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/companies\/MKS.L\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">(MKS.L)<\/a> rose 0.7% after Deutsche Bank upgraded their stocks to &#8220;buy&#8221; from &#8220;hold&#8221;, saying the outlook for retailers is getting less &#8220;chilly&#8221;.<\/p>\n<p data-testid=\"paragraph-7\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\">Nanoco Group <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/companies\/NANON.L\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">(NANON.L)<\/a> slumped 25.3% after the nanotechnology company provided a <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/world\/uk\/uk-shares-slip-weak-tech-earnings-weigh-mood-2023-02-03\/nTUCBKPHX\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">half-year trading update<\/a> and said it agreed to a $150 million litigation settlement with Samsung Electronics <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/companies\/005930.KS\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">(005930.KS)<\/a>.<\/p>\n<p><span data-testid=\"Text\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__default__UPMUu sign-off__text__PU3Aj\">Reporting by Sruthi Shankar in Bengaluru; Editing by Subhranshu Sahu and Shinjini Ganguli<\/span><\/p>\n<p data-testid=\"Body\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\">Our Standards: <a data-testid=\"Link\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" target=\"_blank\" class=\"text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__large__nEccO link__underline_default__2prE_\" rel=\"noopener\">The Thomson Reuters Trust Principles.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary Companies UK stocks set for weekly gains Tech trio set to weigh on Wall<\/p>\n","protected":false},"author":1,"featured_media":38758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/posts\/38756"}],"collection":[{"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/comments?post=38756"}],"version-history":[{"count":2,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/posts\/38756\/revisions"}],"predecessor-version":[{"id":38759,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/posts\/38756\/revisions\/38759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/media\/38758"}],"wp:attachment":[{"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/media?parent=38756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/categories?post=38756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/peymantaeidi.net\/stem-cell\/wp-json\/wp\/v2\/tags?post=38756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}