London falls 0.90% after knowing the contraction of British GDP

© Reuters. London falls 0.90% after knowing the contraction of the British GDP London, Jun 30 (.) .- The London Stock Exchange closed on Tuesday with a fall of 0.90% after the British National Bureau of Statistics (ONS) confirmed that the UK economy contracted 2.2% in the first quarter of the year. The, the main index in the British capital, fell 56.03 points, to 6,169.74 integers, while the secondary FTSE-250, more focused on national companies, fell 79.50 points, to 17,119.16 integers. The ONS confirmed today that the United Kingdom’s gross domestic product (GDP) has registered its biggest drop since 1979, falling by 2.2% in the first quarter of the year, two tenths more than in the previous calculation. She also did not encourage investors to plan to deal with the economic damage after the coronavirus announced this morning by the British government, which will allocate 5 billion pounds (5,422 million euros) to infrastructure, and which was deemed insufficient by the opposition. In this context, the two branches of the Royal Dutch Shell (LON 🙂 oil company, RDS A and RDS B, led the losses on the London Stock Exchange, falling 3.94% and 3.68%, respectively. Also falling were aviation group IAG (MC :), which was down 3.64%, aerospace BAE Systems (LON :), 2.48%, and oil company BP (LON :), 2.45%. Instead, the industrial Smiths Group (LON 🙂 rose, which gained 8.78%, the logistics company Ferguson, 2.26%, the mining company Polymetal rose 1.64%, the financial M&G 1, 36%, and consultant Informa 1.27%. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.