Cautious optimism lifts markets

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Cautious optimism lifts markets via IrishTimesBiz

Airline Ryanair Holdings added 2.76 per cent to end the day at €13.23.

In company news, housebuilder Berkeley Group told investors that it would be slowing down investment into new developments while the housing sector environment remains challenging. Anglo American Plc dropped 3.3 per cent to 3,190p after the global miner cut its copper production estimates for 2023 because of deteriorating ore grades at its Chilean mines.

Speculation that US central bankers could opt for a moderate 0.5 per cent interest rate hike next week and signs that China was easing Covid curbs boosted investors’ mood on Friday.

 

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