WS #13979
UK Q2 GDP grew 0.4% (in line), but high energy prices from the Iran war are slowing growth and pushing inflation higher, pressuring the Bank of England to consider rate hikes. MSCI adds Adani Energy, Groww, Laurus Labs, and Lenskart to its Global Standard Index, removing Astral, Balkrishna, and SBI Cards, effective September 1, driving passive fund flows.
UK GDP and energy price impact
UK Q2 GDP grew 0.4% (in line), but high energy prices from the Iran war are slowing growth and pushing inflation higher, pressuring the Bank of England to consider rate hikes.
MSCI adds Adani Energy, Groww, Laurus Labs, and Lenskart to its Global Standard Index, removing Astral, Balkrishna, and SBI Cards, effective September 1, driving passive fund flows.