European stocks edged lower on Tuesday as a slew of downbeat earnings and higher government bond yields outweighed gains in energy shares and a slight easing of concerns about risks stemming from the Middle East conflict.
Bank of Ireland dropped 0.8 per cent to €9.48, with AIB bucking the negative trend to edge up 0.3 per cent to €4.38.The blue-chip FTSE 100 rose 0.6 per cent figures showing a weakening labour market lifted investor sentiment on the basis that slower wage growth will reduce inflation pressure. The mid-cap FTSE 250 index added 1 per cent.
The rate-sensitive home builders’ index added 2.3 per cent and led sectoral gains, while Bellway reversed early losses and gained 3.3 per cent even as the home builder forecast about a one-third slump in annual output. Bank of America gained 3.1 per cent, boosting the S&P 500 as it joined rivals in earning more from interest payments by its customers, while investment banking and trading fared better than expected.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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