Global stock indexes were higher on Monday as investors awaited further earnings reports, while the dollar fell to a two-week low against the yen ahead of central bank meetings.Euronext Dublin finished the day up 30 basis points, slightly lagging its international peers.
Food names rallied throughout the day as most, with the exception of Kerry Group which lagged, climbed about 3 per cent. HSBC was among the biggest fallers on the blue-chip index on Monday after it became the last of the UK’s “big four” banks to unveil its third-quarter earnings. In company news, Airtel Africa jumped to the top of the FTSE 100 after the telecommunications giant said its revenues rose a fifth higher in the six months to September, compared with the same period last year.
The company now expects adjusted operating profit be about £20 million higher than previous expectations, and that revenue growth would also be in the higher range of what it had previously guided. Its share price lifted 2.9 per cent.European stocks recovered as investors slowly regained their appetite for riskier investments following last week’s tough spell for stocks.