The FTSE 100 shows that the UK, which signed 1.5% in the opening months of the year, shows that the UK, which signed 1.5% in 1.5% contract, compared to the -1.6% forecast.
“The strong sign of a recovery was the news that the economy actually rose 2.1% in March, rather than 1.5% expected as the country began to open up carefully. Connor, financial analyst at Spreadex Campbell said:
GDP News shot the FTSE 100 into the top of the table after the bell, with the British index 20 points shorter than 7,000, up 0.46% from 7,000.
Meanwhile, DAX added 0.4%, slightly below 15,150, while CAC rose 0.3%, pasting a pinky finger that exceeded 6,260.
“We need to warn them as these European profits come before coming before US inflation reading this afternoon in April. And losses on Monday and Tuesday are largely spiked inflation pressures. Given what can be explained by the fear of making them, the trading environment can look very different once the numbers are released,” Campbell said.
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FTSE 100 Top Moving Company
Spirex-Sarco Engineering (3.07%), Diageo (3.05%) and Glencore (2.74%) are top 3 risers for the FTSE 100 90 minutes after Wednesday morning sessions.
On the other end, Eat (-3.92%), Flutter Entertainment (-1.95%) and Renishaw (-1.07%) lost the most ground.
UK GDP diagram
The UK economy rose 2.1% in March, at a better-than-expected level, marking its fastest growth month since last August.
The National Bureau of Statistics (ONS) said Wednesday that economists had previously forecast growth of 1.3%.
The UK economy also showed resilience in the second wave of the pandemic as it signed 1.5% in the first quarter of 2021 and achieved strong growth in March. Again, expectations exceeded as a 1.7% contraction was initially predicted.
During the first quarter, government spending supported the economy as the government increased spending on vaccinations and testing, but consumer spending and business investment fell when the third lockdown came into effect .
Diageo
Digeo’s share price rose 3.8% as of writing during the session on Wednesday morning.
The FTSE 100 company’s stock price reached 3,317p per share, appearing to be closed at the marker last reached in September 2019, making it now a record high of 3,640p below 10% .
