# UK’s FTSE 100 dips on scope of tighter monetary policy; Informa jumps Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2023-06-15 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: UK's FTSE 100 falls on prospects of tighter monetary Meta Description: UK's FTSE 100 falls as miners drag down stocks amid prospects of prolonged global monetary policy tightening; Informa soars on strong earnings outlook. URL: https://financedigest.com/uks-ftse-100-dips-on-scope-of-tighter-monetary-policy-informa-jumpshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-06-15t072957z1lynxmpej5e07brtroptp4britain-stocks-1736813879241-compressed.jpg) By Ankika Biswas (Reuters) -UK’s benchmark FTSE 100 dipped on Thursday, dragged down by miners’ stocks amid prospects of global monetary policy tightening lasting for longer, while events organiser Informa jumped on a strong earnings outlook. The resource-heavy FTSE 100 fell 0.1% at 0805 GMT, while the domestically focused FTSE 250 midcap index was little changed. The ECB is seen raising [rates to their highest level in 22 years later in the day and leave the door open to more hikes](https://www.financedigest.com/u-s-dollar-rallies-to-more-than-2-year-hike-on-steep-fed-rate-hike-outlook.html "U.S. dollar rallies to more than 2-year hike on steep Fed rate hike outlook"), a day after the U.S. Federal Reserve left rates unchanged but projected rates [rising](https://www.financedigest.com/analysis-traders-ready-for-wilder-swings-as-rate-rises-stoke-volatility.html "Analysis: Traders ready for wilder swings as rate rises stoke volatility") by half a percentage point by 2023 end. With the [Bank of England](https://www.financedigest.com/bank-of-england-publishes-rules-for-energy-firms-liquidity-tool.html "Bank of England publishes rules for energy firms’ liquidity tool") (BoE) also poised to raise rates by 25-basis-points next week, investors have struggled to balance maintaining exposure to rising equities against possible headwinds from tighter monetary policies. The FTSE 100 is down [0.5% so far this quarter after rising](https://www.financedigest.com/sterling-rises-0-5-as-dollar-takes-a-breather.html "Sterling rises 0.5% as dollar takes a breather") for two quarters, during which it jumped nearly 11% – its strongest rise over two quarters since early 2021. UK [stocks](https://www.financedigest.com/mutual-funds-vs-stocks-which-is-better.html "stocks") will remain under pressure while we have a low growth environment at the same time, as both monetary policy and fiscal policy are being tightened and households are seeing their real disposable incomes continuing to erode,” said Stuart Cole, chief macro economist, Equiti Capital. “In this environment, it is hard to be bullish on stocks.” Miners fell 0.4% on lower metal [prices after China’s](https://www.financedigest.com/oil-prices-rise-as-weaker-dollar-offsets-china-covid-19-concerns.html "Oil prices rise as weaker dollar offsets China COVID-19 concerns") economy stumbled in May. \[MET/L\] Informa [jumped 3.3% on raising its annual profit](https://www.financedigest.com/british-property-portal-rightmove-hikes-dividend-after-annual-profit-jump.html "British property portal Rightmove hikes dividend after annual profit jump") and revenue outlook, boosting the media sector by 1%, while online fashion retailer ASOS soared 13.4% on returning to profitability. Technology company Halma [slumped 5.1% to the bottom of the FTSE](https://www.financedigest.com/ftse-100-snaps-four-day-winning-streak-as-britains-ocado-slumps.html "FTSE 100 snaps four-day winning streak as Britain’s Ocado slumps") 100, on disappointing annual margins outlook. [Insurer Legal](https://www.financedigest.com/legal-general-insurance-appoints-nick-frankland-as-the-managing-director-for-its-new-fintech-business.html "Legal & General Insurance appoints Nick Frankland as the Managing Director for its new Fintech business     ") & General fell 2.2% after hiring Banco Santander’s Antonio Simoes as its new CEO. (Reporting by Ankika Biswas in Bengaluru; Editing by Rashmi Aich) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---