European shares dip amid concerns over pace of ECB rate cuts

The London Stock Exchange. The FTSE 100 eased back by 0.2 per cent, pausing after a run of record highs and ahead of a reading of UK inflation next week that will set near-term expectations for the timing of a first interest rate cut. Photographer: Hollie Adams/Bloomberg

The pan-European Stoxx 600 dipped 0.1 per cent, with the rate-sensitive real estate sector among top decliners, pressured by higher euro zone bond yields.The Iseq All-Share index dipped 0.2 per cent to 10,009.22, with Ryanair declining 1.3 per cent to €18.36 amid ongoing concerns about summer fares.Underinsurance problem for homeowners

The personal goods sector led Friday’s decline, falling 2.3 per cent, followed by automobile parts, which slipped 1.7 per cent. Land Securities Group fell 2.6 per cent despite the commercial property firm posting a smaller annual loss, with elevated interest rates continuing to weigh on the valuation of its buildings.Azelis fell 13 per cent to notch its worst day on record after major shareholders EQT Partners and PSP Investments sold shares in the specialty chemicals maker.

Source: News Formal (newsformal.com)

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