There was some good news today as data confirm the U.K. avoided a contraction in the first quarter. The Office for National Statistics said the GDP was up 0.1% in Q1, in line with expectations. The FTSE 100 was up 0.4% at 9am.
Mining stocks were among the top performers after weak China data raised hopes of a stimulus from the country’s authorities.
Barratt Developments gained 0.5% after agreeing to sell 604 homes to Lloyds subsidiary Citra Living Properties, for 168.4 million pounds.
Things to read today:
Why do some UK cities punch below their weight? (Financial Times)
New Chinese Law Raises Risks for American Firms in China, U.S. Officials Say (WSJ)