Global stocks rise to reach highest level since early February

Building materials giant CRH – one of the biggest companies on the index – was up 0.3 per cent at close of business. In the same sector, insulation specialist Kingspan ended the day up 1 per cent.

In company news, HSBC’s biggest shareholder Ping An renewed its calls for the bank to be split up, ahead of the company’s shareholder meeting next month. HSBC said that this would not be good for shareholders. Shares in the bank closed down 0.5 per cent. Elsewhere, EasyJet saw its shares rise by 1 per cent after its chief executive said that demand was “stronger than ever” despite ticket prices jumping by nearly a third compared with a year ago.Shares on the continent advanced, in part due to solid economic data from China, but were off earlier levels that sent them to their highest since February 2022.

Goldman Sachs Group dropped 2.5 per cent after its quarterly profit fell 19 per cent, hit by sluggish deal-making and losses from the sale of some loans from its consumer unit Marcus.

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Global stocks edge lower ahead of round of corporate earnings resultsEuronext Dublin escaped the worst of it, outperforming international peers as it finished the day up 0.5 per cent via IrishTimesBiz
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