FTSE 100 GAINS 1.08 % AS UNITED KINGDOM GDP DATA SHOW AUGUST EXPANSION

What happened: London's FTSE 100 closed 1.08% higher after UK government data showed the economy expanded in August. The ONS estimated GDP grew 0.1% in August. Key numbers: FTSE 100 added 115.49 points to 10,840.35, its highest finish since Aug. 26. CAC 40 rose 0.78% to 7,934.70; DAX gained 0.33% to 25,382.62. Why it matters: Reuters linked the gains to investors moving toward defensive sectors during a global pullback in AI-related stocks. XTB's Kathleen Brooks said the UK is "the harbour in the storm" when the AI trade sells off.

UK GDP August expansion drives FTSE 100 1.08% gain.

UK GDP August expansion drives FTSE 100 1.08% gain. — impact context not separately stored; see What changed.