Global shares rose on Tuesday, driven by a recovery on Wall Street, where investors are focused on earnings reports from the US megacaps, and the yen hit multiyear lows against the dollar and the euro.Euronext Dublin was up just over 1 per cent at close of business on what was described as a “strong day” for the market by traders.
Kenmare Resources also climbed up 2 per cent after stockbroker Davy issued a note to say the stock is currently “very attractive”. On the downside, box-maker Smurfit Kappa slipped 1.4 per cent in advance of a number of US peers reporting. Primark owner Associated British Foods was the FTSE’s top riser after profits jumped more than a third at its half-year results.
The biggest risers on the FTSE 100 were AB Foods, up 225p to 2,731p, Ocado, up 19.4p to 377.8p, JD Sports, up 4.45p to 122.9p, St James’s Place, up 12.8p to 444.2p, and Ashtead, up 162p to 5,724p.