Global stock indexes rose on Monday as investors awaited earnings reports this week from several of the biggest US tech-related companies, while oil prices fell sharply after Israel’s strike against Iran at the weekend bypassed oil and nuclear facilities.Euronext Dublin slightly outperformed international peers as it finished the day up 0.7 per cent on light volumes due to the bank holiday.
The airlines were strong across the board with Ryanair up 1.3 per cent, although it lagged the likes of Easyjet and Air France, which were up 2.8 per cent and 3.8 per cent respectively. Additionally, Melrose’s shares rose 9.3 per cent, topping the blue chip index and lifting the aerospace and defence sector 0.9 per cent, as aerospace components supplier released risk- and revenue-sharing partnerships explainer.
The Stoxx Europe 600 Index rose 0.5 per cent as the construction and media sectors rallied while energy stocks were pulled lower by falling oil prices. Cheaper crude boosted airline shares. Microsoft and Amazon also report earnings this week. The five companies jointly make up about 23 per cent of the S&P 500′s weightage, and investor reaction to their results will be a key determining factor in whether indexes continue to climb or retreat.