FTSE 250 movers: Commodity plays hit by possibility of rates higher for longer

22nd May 2024 16:20

(Sharecast News) - Commodity plays dragged on the second-tier index in the middle of the week amid talk among high-profile market observers of uncertainty around the path for interest rates in the US.

The scant margin for error was underscored by UK consumer price data that revealed a slowdown in core CPI that was only half that anticipated by economists.

Core CPI gains only slowed from a 4.2% year-on-year pace in March to 3.9% in April, as services prices advanced by 5.9% or just one tenth of a percentage point less than anticipated.

In the background, the US dollar was edging up against most major currencies, even if not the pound, whilst copper, crude oil, and precious metals prices were all lower.

Market Movers

FTSE 250 (MCX) 20,688.59 -0.46%

FTSE 250 - Risers

IntegraFin Holding (IHP) 344.00p 10.26%

Mitchells & Butlers (MAB) 291.50p 9.59%

Patria Private Equity Trust (PPET) 570.00p 3.64%

Spire Healthcare Group (SPI) 267.50p 3.48%

Baltic Classifieds Group (BCG) 244.50p 2.52%

Bytes Technology Group (BYIT) 564.50p 2.26%

Coats Group (COA) 88.10p 2.09%

Hays (HAS) 105.60p 2.03%

Tritax Eurobox (GBP) (EBOX) 59.40p 1.71%

Auction Technology Group (ATG) 626.00p 1.62%

FTSE 250 - Fallers

Close Brothers Group (CBG) 459.80p -6.35%

Harbour Energy (HBR) 304.80p -5.34%

Hochschild Mining (HOC) 164.80p -4.85%

Pets at Home Group (PETS) 286.60p -4.66%

Victrex plc (VCT) 1,294.00p -4.15%

SSP Group (SSPG) 182.70p -3.84%

Watches of Switzerland Group (WOSG) 400.00p -3.71%

4Imprint Group (FOUR) 5,970.00p -3.55%

Bellway (BWY) 2,654.00p -3.42%

Wood Group (John) (WG.) 178.00p -3.31%