FTSE 100 opens higher, on track for fourth quarterly gain

FTSE 100 opens higher, on track for fourth quarterly gain

- Britain's blue-chip stock index opened higher on Friday, on course to log its fourth consecutive quarterly gain, after stronger-than-expected local economic growth numbers offset jitters ahead of U.S. inflation data.Britain's economy grew 0.7% in the first three months of this year, compared with the previous quarter, and came in above an estimate of 0.6% growth, official figures showed.

"With less than a week to go, the UK electorate aren't necessarily going to feel better off because of these numbers," said Rebecca Maclean, a UK equities investment director at abrdn. The keenly awaited U.S. personal consumption expenditure numbers are due later in the day. A growing view of cooling U.S. inflation prompting the Federal Reserve to ease borrowing costs this year has supported global stocks.

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