FTSE keeps losses as UK GDP report fails to impress

FXStreet (Mumbai) – UK stock trades with mild losses following the release of the Britain’s growth figures came in line with estimates, offering no surprises to the markets. The UK benchmark FTSE 100 is down -0.13% at 6,185 points.

Among the other indices, Germany’s DAX 30 index is losing over 0.50% at 10,250 while the French CAC 40 index is down -0.30% and trades at 4,643. The pan-European Euro Stoxx 50 drops -0.40% at 3,267.

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

Later in the day, Germany will reveal the fresh inflation figures for the month of August. German CPI growth seen flat on a monthly basis after a 0.2% result reported a month ago, while adding 0.2% annually, same as the 0.2% preliminary result.

UK stock trades with mild losses following the release of the Britain’s growth figures came in line with estimates, offering no surprises to the markets. The UK benchmark FTSE 100 is down -0.13% at 6,185 points.

(Market News Provided by FXstreet)