Global stocks indexes hit all-time highs on Friday after China’s central bank lowered interest rates and injected liquidity into its banking system, and as US inflation continued to ease, while treasury yields dipped.
Zoned land without utilities cannot solve housing problem, Construction Industry Federation boss saysOn the more positive side of things, Glanbia rose 1.2 per cent, and Irish Continental Group gained 1.45 per cent.British equities ended the week on a high note on signs US inflation is continuing to ease, boosting the view that the Federal Reserve will continue its monetary loosening, while China’s aggressive stimulus measures lifted mining and luxury stocks.
Rightmove will consider a sweetened £6.2 billion takeover bid from Rupert Murdoch-owned Australian firm REA Group after rejecting three previous bids. Shares of the UK real estate portal rose 0.5 per cent.The pan-European STOXX 600 closed up 0.5 per cent at 528.08, taking its gains for the week to more than 2 per cent.