Sentiment improved as data showed Spain’s consumer price inflation slowed to 3.3 per cent in March, its weakest annual rate since August 2021 and down from 6 per cent in February.Bank of IrelandPermanent TSBrose on the improved economic outlook globally, closing nearly 2 per cent up at €46.14. There was also good news for builders withboth up almost 2 per cent at €1.03 and €1 respectively.
The FTSE 100 group, which no longer supplies energy directly to households, said it now expects underlying earnings per share of more than 160p in 2022-23. The group, which had already improved its guidance in January, saw shares lift by 72p to 1,809.5p.shares increased in value after the online cards and gifts business recorded its biggest week of sales in the UK before Mother’s Day earlier this month.
had a second strong session of gains as sentiment rebounded following its trading update on Tuesday.The online retail business closed 49.2p higher at 527.2p, swinging to its highest for three weeks.“Core inflation - as evidenced from the regional prints we got today - is rising, and this will be concerning for the ECB,” said Stuart Cole, head macro economist at Equiti Capital.
“The ‘hawks’ on the Governing Council will argue that underlying price growth demands a robust monetary response; the ‘doves’ will claim that it is the overall headline measure that is being targeted and which is calling for a more cautious approach,” he said.climbed 16.3 per cent to lead gains in the Stoxx 600 after the world’s second-biggest fashion retailer reported a surprise operating profit for the December-February period.climbed 5.2 per cent after it won an order in Brazil.
Among equities indexes, the Dow Jones Industrial Average rose 34.91 points, or 0.11 per cent, to 32,752.51, the S&P 500 gained 14.85 points, or 0.37 per cent, to 4,042.66 and the Nasdaq Composite added 68.98 points, or 0.58 per cent, to 11,995.21.were seen as an encouraging sign for the sector as well as the broader economy.
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