UK Shares Climb on Better-Than-Expected GDP Figures

From Morningstar:

The UK economy saw growth of 0.3% in November, slightly higher than the expected 0.2% according to the ONS. Services were the main contributor, with a 0.4% rise, while production rose 0.3% and construction fell 0.2%. Trade deficit widened by £400 million to £9.3 billion, but imports and exports also fell.

Share prices in London rose following the news of unexpected economic growth, with the FTSE 100 up 0.8% and the FTSE 250 up 0.9%. The Alternative Investment Market All-Share saw a 0.6% increase. The data comes amid rising tensions in the Middle East and Thursday’s hot US inflation data.



Read more: UK Shares Climb on Better-Than-Expected GDP Figures