PRESS ROOM
UK equities buoyed by improving economic data
Friday 18th June '21
With the recent easing in lockdowns and economic activity picking up again, UK equities have started building positive momentum this year. As of 16 June, the FTSE 100 Index is up almost 13% this year (in GBP total return terms. Source: Bloomberg). UK annual inflation rate has jumped to 2.1% in May, its highest level since July 2019 (Source: Trading Economics). Given their notable weight in the FTSE 100 Index, strength in financials and energy stocks are helping lift UK equities.