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Market Update: London Stocks Trade Slightly Higher
The FTSE 100 traded slightly higher at 7,030 on Monday, as investors weighed the prospect of a strong economic recovery against growing inflationary pressure and a renewed slide in cryptocurrencies. Meanwhile, the Confederation of British Industry set out a new UK economic strategy and called on the British government to overhaul regulation and tax rules to help employers recover from the shocks of Brexit and COVID-19. Elsewhere, quarterly results from Marks & Spencer, Shaftesbury and Aviva will be in the spotlight during the week, as well as US personal consumption and PCE inflation figures due on Friday. [/s2If]
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