Meanwhile, European Central Bank policymakers continued to line up behind a June interest rate cut but on Thursday offered contrasting views on the timing and pace of further moves. Packaging group Smurfit Kappa advanced again, closing up 1.5 per cent at €40.80, while food group Kerry closed 0.4 per cent higher at €81.64. European bond yields rose, with Germany’s 10-year yield, considered a benchmark for the euro zone, touching its highest level since March 1st. Shares of Robinhood Markets advanced 6.5 per cent after the trading app operator said its assets under custody rose 16 per cent in February. Aerospace and defence company RTX gained 1.6 per cent after Wells Fargo upgraded its rating to “overweight” from “equal weight”.

Source: The Irish Times March 15, 2024 06:57 UTC