Stocks flat following UK GDP release and ahead of US inflation data

Stocks flat following UK GDP release and ahead of US inflation data 150 150 Realm

Data from the ONS (Office for National Statistics) shows that UK GDP grew by 0.4% in February. Lower than expected 0.6% growth but follows a decline of 2.2% in January. Exports to the European Union rose by 47% in February, an indication that trade between the UK and EU is recovering.

In the US, economic advisers and national security advisers met on Monday to discuss President Biden’s $2.25 trillion infrastructure plan and the global semiconductor shortage. The President said he has support for his plan that will provide $50 billion for the semiconductor industry.

Investors will be closely monitoring US inflation data due today, with the March consumer price
expected to show a 0.2% increase in core inflation.


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