Stock markets took a breather on Monday as indices fell from their record highs of recent sessions. Euronext Dublin fell by 0.59 per cent, in line with losses across other indices globally.
Ireland’s two listed home builders declined, with Cairn Homes losing 2.25 per cent to close at €1.56 and Glenveagh Properties lost 1.42 per cent to close at €1.25. Shares of Kingfisher gained 2.57 per cent, reversing earlier losses as the home improvements retailer warned on the outlook, and said current-year profit would fall short of analysts’ expectations.
Meanwhile, the French CAC 40 Index remained flat on Monday at 8,151.60, and the German DAX Index rose by 0.34 per cent to 18,268.29. Swedish landlord SBB jumped 10.93 per cent after buying back a batch of bonds at a 60 per cent discount.Wall Street’s main indexes fell on Monday, as investors looked forward to key inflation data later this week.