European markets gained new year altitude on strong performances by aviation stocks and news that China would stimulate its economy. DUBLINThe new year’s first day of trade was mostly a good one for Irish-listed stocks. Housebuilder Cairn Homes rose 1.59 per cent to €1.28 while rival Glenveagh Properties added 1.37 per cent to 88.5 cent. The same sentiment buoyed Irish builders’ merchant, Grafton, whose shares gained 3.63 per cent to 898.5p. Traditionally defensive groups such as utilities, real estate and consumer staples fell between 0.5 per cent and 1 per cent.

Source: The Irish Times January 02, 2020 20:48 UTC