Stocks rally and investor anxiety eases after lower than expected US inflation data

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stocks rally and investor anxiety eases after lower than expected US inflation data via IrishTimesBiz

Food group Glanbia was among the few fallers, easing back 0.7 per cent to €10.90, while AIB slipped 0.3 per cent to €3.05 and Bank of Ireland shed 1.1 per cent to €7.31.The UK’s main stock indexes closed at near two-month highs, with the FTSE 100 rising 1.1 per cent, although a rally in the pound checked further gains in the exporter-heavy blue-chip index. The domestically focused mid-cap FTSE 250 index jumped 3.9 per cent to post its biggest percentage gain in eight months.

Power company Centrica climbed 7.4 per cent after it forecast its annual adjusted earnings per share outlook to be at the top end of analysts’ expectations, and announced a share buyback of up to 5 per cent of its share capital. The Stoxx 600 index is now on track for its fourth straight week of gains, as hopes of a less aggressive stance by the US central bank in its fight against inflation and a better-than-expected earnings season offset worries of a recession in Europe.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks rise as investors await results of US midterm electionsGlobal stocks rise as investors await results of US mid-term elections via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

US stocks fluctuate as markets mull midterm election resultsMeta shares gain on Zuckerberg’s plan to shed 11,000 jobs globally
Source: IrishTimes - 🏆 3. / 98 Read more »

Global stocks rise as investors await results of US midterm electionsGlobal stocks rise as investors await results of US mid-term elections via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »