The Iseq All Share index advanced 1.2 per cent to 8,884.61, albeit amid thin newsflow on companies listed on the Irish market.
Housebuilders were mixed, with Cairn Homes dipping 0.8 per cent to €1.06, while Glenveagh Properties rose 2.4 per cent to 97.9c.China-linked sectors such as automakers and industrials added 0.4 per cent and 0.7 per cent, respectively, after the country’s finance ministry said on Sunday it was reducing the 0.1 per cent duty on stock trades “to invigorate the capital market and boost investor confidence.
A survey showed the mood among German exporters further clouded over in August although there were signs of improvement in the beleaguered chemicals sector. Heading into the last days of the month, the pan-European Stoxx 600 is set for its worst month so far this year as elevated bond yields and a worsening sentiment towards China kept a lid on gains.Wall Street’s main indexes were higher in early afternoon trading ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve’s interest rate path.