Markets Update: Ires leads Irish stocks higher as Eurozone inflation falls

Inflation across Europe fell to a two-year low in October

Irish companies were boosted by favourable figures for the Eurozone, which showed inflation fell to a two-year low in October with Irish Residential Properties REIT leading the charge as investors cheered this morning’s update.

Inflation in the eurozone dropped to 2.9 per cent in October, according to preliminary data released on Tuesday, down from 4.3 per cent the previous month and below estimates.

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