The Iseq was down by 0.48 per cent on Thursday. It comes as stocks in the UK fell, with investors absorbing the details ofFrom a banking perspective, AIB rose 1.37 per cent to €4.89 on Thursday. Meanwhile, Bank of Ireland fell by 0.33 per cent to €8.46. Dalata Hotels rose 1.42 per cent to €4.28. Among the food stocks, Glanbia dropped 2.18 per cent to €15.25 and Kerry Group fell 1.93 per cent to €91.50.
Rate-sensitive homebuilder stocks tumbled about 6 per cent as British short-term borrowing costs jumped. Traders still stuck to bets that the central bank will cut rates on November 7th by a quarter of a percentage point. The Stoxx 600 notched a monthly decline of 3.4 per cent, with the technology and real estate sectors bearing the brunt of a sell-off this month.Some caution also emerged after a higher-than-expected rise in eurozone inflation in October and scope for a further pickup in coming months, bolstering the case for caution in European Central Bank monetary policy easing. This follows a 25 bps interest-rate cut this month.