World markets stutter as hopes that high interest rates have peaked fade

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World markets stutter as hopes that high interest rates have peaked fade
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AIB finished the day up 1.6% in Dublin following a share sale by Minister for Finance Michael McGrath

Wall Street’s main indexes climbed following a choppy start to the session as falling US Treasury yields supported megacap growth stocks. Photograph: Spencer Platt/Getty

Some of the Irish construction names benefited from UK housebuilder Persimmon which climbed 6 per cent after it indicated it increased its estimate for completed units this year.Can I claim rent tax credit on house whose owner is under Fair Deal nursing home care? “They are on the roadshow currently highlighting their results,” a trader noted. “That will continue for the week and they often trade buoyantly during these roadshows are they are on the road selling their story.”The FTSE 100 trod water for a second session in a row, climbing just 0.1 per cent, after some of the UK’s biggest natural resource companies offset the strong results from the retail and house building sector.

But falling prices for energy and metals weighed on the natural resource sector. Mining giants Anglo America, Antofagasta and Glencore were all near the bottom of the FTSE, joined by Centrica, BP and Shell. MSCI’s gauge of global stock performance shed 0.05 per cent, while the pan-European Stoxx 600 index lost 0.06 per cent.Wall Street’s main indexes climbed following a choppy start to the session as falling US Treasury yields supported megacap growth stocks, while investors awaited more commentary by Federal Reserve officials to gauge the interest rate path.

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Government moves to sell further 5% stake in AIBGovernment moves to sell further 5% stake in AIBShare will increase the amount that AIB has paid back of its €20.8 billion rescue to about €13.6 billion, with Government’s remaining stake in bank valued at about €4.3 billion
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McGrath announces plan to sell further 5% stake in AIBThe Minister for Finance is to sell another 5% of the State's stake in AIB, bringing its remaining shareholding in the company from 45.8% to around 40.8%.
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€515m raised in latest AIB share saleThe Government has sold a 5% stake in AIB Group, lowering its holding in one of the country's two remaining partly state-owned lenders to 41% and raising €515m.
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Government raises €515m from sale of further 5% stake in AIBGovernment raises €515m from sale of further 5% stake in AIBMove reduces the State’s holding in AIB to 40.8%
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Explainer: Who is buying AIB shares as the government reduces its stake?Explainer: Who is buying AIB shares as the government reduces its stake?Professional fund managers are snapping up shares, citing a lack of competition and solid earnings
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