Tourism enjoys rebound, MABS and banks join forces, and what to do if separated spouse wants to sell family home?Ryanair’s shares gave back more than 1 per cent to €16.72, underperforming its UK peers. Traders in Dublin said the decline was more to do with the low-cost airline’s strong recent run relative to its competitors.
The resource-heavy FTSE 100 had slipped 0.4 per cent in the first few hours of the session, with energy stocks shedding 1.7 per cent tracking lower crude oil prices. Shares in oil major Shell and BP finished the session off by 0.4 per cent and 0.5 per cent. On Monday, Dutch central bank chief Klaas Knot said that underlying price pressures in the euro zone may prove more difficult to tame but monetary policy is showing signs of effectiveness and further rate hikes must be done step by step. The comments – considered another strong indication that the ECB expects to raise its benchmark interest rate when policymakers meet next Thursday – countered positive movements in European markets from Danish healthcare giant Novo Nordisk and its peers.
European bank stocks were also pushed higher by expectations of further ECB rate hikes with Santander, BNP Paribas, Intesa Saopaolo all ahead by between 0.7 per cent and 1.7 per cent.Regionals banks led US stocks higher on Tuesday while a loss in shares of Apple took the air out of a rally in technology stocks. The Nasdaq Composite and the Dow Jones Industrial Average were up by around 0.2 per cent at closing bell in Dublin.