United Kingdom
UK GDP grows 2.3% as lockdown eases
The service sector grew by 3.4 per cent month-on-month, whereas output in the production and construction sector fell by 1.3 per cent and 2.0 per cent respectively, the Office for National Statistics (ONS) said.
Re-ignited Rally: Markets rise as United Kingdom's mutant virus brings down valuations
Monday's sharp decline made valuations more attractive and re-ignited FII flows into the country. Besides, market participants pinned hopes on the $900 billion US stimulus bonanza to re-ignite a torrent of foreign fund inflows into emerging markets, especially India. On Tuesday, the foreign investors pumped-in liquidity worth Rs 1,153 crore, a day after they had pulled-out Rs 323.55 crore.
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