FTSE subdued ahead of UK GDP

FXStreet (Mumbai) – Stocks on the UK bourse remained largely subdued as an air of caution spread amongst the UK traders just ahead of the key UK growth numbers.

UK stocks ditched its Asian counterparts and turned lower, with the FTSE 100 now losing -0.10% at 6,185 points.

Asian indices extended their recovery from Monday’s fall and rallied on Friday, with the closely-watched Shanghai Composite index (SSEC) jumping about 1%.

The main market mover in the European session ahead is expected to be the UK growth numbers. Markets predict an expansion of 0.7% quarter-on-quarter, after 0.4% growth recorded for the first quarter.

Stocks on the UK bourse remained largely subdued as an air of caution spread amongst the UK traders just ahead of the key UK growth numbers.

(Market News Provided by FXstreet)