Irish stocks were dragged lower by falling bank shares in both AIB and Bank of Ireland
European shares paused near record highs on Friday with British, German and Italian stocks outperforming regional peers following a slate of dovish cues from major central banks this week.The Irish index of shares ended the week lower, bucking the wider European trend to close at 0.35 per cent off. It was dragged lower by falling bank shares with
The blue-chip FTSE 100 rose 0.6 per cent to clinch its second straight week of gains, powered by a near 2 per cent rise on Thursday after the BoE said the economy was moving in the direction for interest rate cuts. Legal & General climbed 1.4 per cent after Reuters reported that the insurer and asset manager shelved a plan to obtain a China business licence and more than halved onshore headcount.The pan-European STOXX 600 index ended flat but notched its ninth straight weekly gain after logging another intraday all-time high earlier in the day.
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