European stocks ended flat yesterday after central banks pledged to keep monetary policy loose despite recent signs of a rise in inflation. Stocks drifted higher earlier in the day, holding near record highs after US Federal Reserve officials reaffirmed a dovish stance on monetary policy. Similar comments from European Central Bank (ECB) policymakers helped equity markets in the region stabilise, but bank stocks came under pressure as a result. LONDONThe blue-chip FTSE 100 finished flat, while the mid-cap FTSE 250 rose 0.9 per cent thanks to soaring performances by some of its constituent stocks. EUROPEThe pan-European Stoxx 600 index was flat, with bank falls offsetting travel and leisure gains.

Source: The Irish Times May 26, 2021 17:57 UTC