Wednesday 28 September 2016

European shares rise

Published 26/05/2016 | 02:30

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Photo: Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Photo: Reuters

European equities climbed yesterday, poised for their biggest two-day advance in two months, as optimism grew the US economy is strong enough to withstand higher interest rates.

  • Go To

By mid-afternoon in Dublin, the ISEQ Overall Index had increased 1.18pc, or 75.43 points, to 6,463.51. The leaders on the Dublin market included building materials group CRH, which rose 1.9pc to €27.40, while recruitment firm CPL increased 1.7pc to €6.

On the other side of the board, the laggards included insurance group FBD. It slipped 1.3pc to €6.34, while Aryzta dropped 0.2pc to €36.50. Elsewhere, the Stoxx Europe 600 Index added 1.1pc at 1:03pm in London. Banks posted the biggest gains among industry groups, followed by energy shares and miners as commodities rallied.

Europe's benchmark jumped on Tuesday after US housing data signalled economic strength.

Indo Business

Read More

Promoted articles

Editors Choice

Also in Business