Euronext Dublin finished the day up 0.5% mainly due to an outperformance in the airline sector as price of oil fell
Euronext Dublin finished the day up 0.5 per cent mainly due to an outperformance in the airline sector as the price of oil dropped sharply.parent International Airlines Group climbed 4 per cent. Elsewhere, EasyJet and Air France were up 3 per cent and 4 per cent respectively.– the largest hotel group in the State – which closed up 3.5 per cent. The group hosted an investors’ day in London and also announced a share buyback.
Miners Antofagasta, Glencore and Anglo American, and energy firms BP and Shell were among the biggest fallers of the day. Nevertheless, the company said it expects to complete the sale of more homes this year as easing mortgage rates have started to support more demand. This more optimistic outlook appeared to have pleased investors and its share price was 8.3 per cent higher at close.European stocks fell but remained in striking distance of their peak record levels as ASML posted third-quarter bookings that missed estimates and falling oil prices dragged energy stocks down.
Among individual stocks, Ericsson AB rose 11 per cent after its earnings beat analysts’ estimates in the third quarter, as the Swedish telecom equipment maker’s deal with US carrier AT&T began to pay off.US stocks turned lower as investors scrutinised a spate of corporate earnings while crude extended its slide due to easing supply worries and weakening demand.
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