US stocks were on course for their best week in a year on Friday following a frenzied rally sparked by Donald Trump’s sweeping election victory. The Iseq was down 0.82 per cent in Dublin on Friday.Britain’s FTSE 100 fell to a three-month low on Friday, dragged down by home builder Vistry following a profit warning, while China-exposed stocks took a hit from lacklustre stimulus updates from Shanghai.
That dragged the FTSE 350 housebuilder index to a near one-year low. Builder Persimmon recently flagged concerns over escalating costs for 2025 projects. Speaking to reporters in Budapest, Scholz called on parties to first agree on what legislation could be passed in what remained of the current parliament but denied trying to ram through his own policy agenda by delaying holding an election.
The collapse comes at a tough time for Germany as its economy faces a second year of contraction, its companies fear a loss of competitiveness, while foreign policy challenges mount, from the re-election of Donald Trump to a tariff war with China.Stocks rose at the end of their best week in 2024 after solid consumer sentiment data and bets that newly elected president Donald Trump’s pro-growth agenda will continue to fuel corporate America.