European shares hit three-week high on earnings boost

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In Dublin, Flutter tumbles on back of dour earnings forecast

European shares rose on Thursday, boosted by AstraZeneca and Adyen on strong earnings, while markets awaited the Federal Reserve Chair Jerome Powell’s remarks on the monetary policy outlook after European Central Bank officials played down market bets around rate cuts.

“Powell is quite comfortable with the message already sent- rate-hiking cycle has likely come to an end but that talk of cuts is premature,” said Stuart Cole, head macro economist at Equiti Capital. Meta Ireland chief Anne O’Leary: ‘We need to work together across the tech industry ... so we keep people safe online’‘I peruse the shelves in my O’Neill’s shorts hoping the locals view me as Angers’ answer to Paul Mescal’Bank of England Chief Economist Huw Pill also noted the central bank needed to maintain a restrictive stance for monetary policy, a day after Governor Andrew Bailey pushed back against discussions on rate cuts.

 

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