Global stocks edge higher in advance of monetary policy decisions

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Global stocks edge higher ahead of monetary policy decisions via IrishTimesBiz

Banking shares showed muted gains, with AIB and Bank of Ireland up 0.46 per cent and 0.22 per cent respectively. Permanent TSB added 2.4 per cent over the session to end at €2.10.

Weakness in the materials sector as well as consumer staples firms such as Diageo capped gains on the FTSE 100 index. Banks rose 0.6 per cent with Europe’s top lenders such as Italy’s UniCredit to report results in the coming days. Italy’s banking-heavy stock index rose 0.8 per cent to hit a near one-year high.

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