“The risk factor that had been associated with holding European shares is diminishing and this is allowing investment decisions to be made based more on fair value plays.”Bank of Ireland
Shares of China-exposed peer Hermes also touched a record high, jumping 3.2 per cent, while other luxury firms Richemont and Kering also rose 4.4 per cent and 2.7 per cent respectively. Data from the Office for National Statistics showed the economy failed to grow as expected in February but a bounce in January was stronger than previously thought. Bank of England chief economist Huw Pill called the data “somewhat disappointing”.
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