Global stocks advance as investors see interest rates nearing a peak

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European stocks reacted positively to the ECB’s latest interest rate hike

Building materials giant CRH was up 3.51 per cent on Thursday, reaching €51.30. The company is set to delist from the Irish Stock Exchange next week.

One of two home builders listed on the Irish stock market, Glenveagh Properties saw its shares rise 4.79 per cent, to €1.01. The group published interim results for the first half of 2023 on Thursday morning, expressing confidence in its capacity to generate “strong revenue and profit growth” into 2024.

London headquartered rail ticketing company Trainline saw shares rise 11.56 per cent, as the firm surprised investors with a stronger than expected performance in the first half of the financial year. Meanwhile, the German DAX rose by 0.97 per cent to 15,805.29, and the French CAC 40 saw a lift of 1.19 per cent to 7,308.67.Wall Street advanced and crude prices surged on Thursday as robust economic data failed to budge expectations that the Federal Reserve will leave its key interest rate unchanged next week.

 

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