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Global stocks rise in expectation of pause in interest rate hikes

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The Iseq finished up 0.3% but lagged a number of its international peers as many of its bigger hitters treaded water

The main mover on the day was Dalata, which operates the Clayton and Maldron brands in Ireland and the UK, including three properties in Northern Ireland.

The UK’s top index jumped to a two-week high in a cheerful session following the bank holiday weekend. It gained 1.72 per cent. The FTSE 100-listed firm told shareholders it now expects its annual underlying earnings to be “moderately higher” than in 2022. Its share price closed 3.1 per cent higher. Wall Street’s main indexes rose, lifted by growth stocks such as Tesla and Alphabet after a drop in monthly job openings cemented expectations of a pause in interest rate hikes by the US Federal Reserve.

 

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