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London stock market rises 0.20%, awaiting inflation data in the United Kingdom

The London Stock Exchange rose 0.20% on Monday and approached its closing record in an environment of optimism about the evolution of the British economy, awaiting the next inflation data.

The main London index, the FTSE-100, added 16 points to 7,860.07 points, compared to its highest mark of 7,877 at the close. The secondary index, FTSE-250, gained 0.65% to 20,082.33 units.

The market estimates that, judging by the latest gross domestic product data, the United Kingdom it may have dodged the recession in 2022. Investors are waiting to see the latest Consumer Price Index (CPI) this Wednesday.

On the other hand, the governor of the Bank of England, Andrew Bailey, affirmed that the financial effects that unleashed the controversial fiscal measures of the ex-prime minister, Liz Truss at the end of last year they have been exceeded.

The group of online supermarkets Ocado gained ground in the London stock market, 5.18%; the telecommunications company BT, which added 2.60%, and the insurer Prudential, which ended with 2.51% less.

On the other hand, they lost the mining company Rio Tinto, which fell 1.98%; Rolls-Royce Holdings, which fell 1.47%, and the chemical Johnson Matthey, which fell 1.26%.

Source: Elcomercio

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