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

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.

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

Share on facebook
Share on twitter
Share on linkedin

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.

Disclaimer:  ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

Download Our Free Brochure