European markets rebound ahead of Federal Reserve meeting

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 77%

Ireland Headlines News

Ireland Latest News,Ireland Headlines

Iseq follows other European indices higher, closing up nearly 2% via IrishTimesBiz

Holdings the top boosts to the index. The banking sub-index rose 2.6 per cent, tracking higher yields.

Pets At Home jumped 2.7 per cent after the pet supplies retailer raised its profit outlook for fiscal 2022. Gambling software maker Playtech fell 6.9 per cent and was among the worst performers on the mid-cap index after it once again backed a buyout by Aristocrat Leisure, following a report that the London-listed company was exploring a breakup if the deal does not go through.The pan-European Stoxx 600 rose 1.7 per cent, with all sectors in positive territory, marking the second straight session of gains after it fell by about 4 per cent on Monday.

Technology stocks, representing many of Europe’s growth-oriented firms, also bounced after coming under pressure from expectations of a hawkish Fed stance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.