Meanwhile, French ECB policymaker Francois Villeroy de Galhau noted that European Central Bank interest rate hikes are likely to peak out by summer’s end, but the issue was how long rates remained elevated rather than the exact level.Ryanair rose 1.3 per cent to €15.84 as chief executive Michael O’Leary aims to boost the budget airline’s profit by 10 per cent this year after almost record earnings for its last financial year.
“Although the news is negative for sector sentiment given that China represents between 10 per cent and 40 per cent of sales for most companies ..., we cannot make a general statement as US memories are fungible with Korean ones while other products are not,” Equita analysts wrote in a note. The blue-chip index closed in the green after an early-afternoon dip amid remarks from banking giant Goldman Sachs, estimating the US will run out of cash in three weeks unless it solves its banking crisis.
It brings the state’s minority stake down to 38.69 per cent from around 41 per cent in its path to eventually becoming private. In company news, payments firm Wise saw its share price dip after revealing its chief financial officer would step down next year to focus on making a full recovery after suffering a cycling accident.