Irish shares rally before UK mini-budget

Ireland joined in the world stock market rally, which has been driven by hopes that the US economy will grow faster in the coming years, while traders eyed today’s UK mini-budget, which may sanction increased spending on infrastructure.

Financial, hotels, property, and construction firms rose, as Bank of Ireland and Dalata posted gains, and most food groups also posted increases.

Shares in construction giant CRH, which is seen as having the most to gain of Irish-listed stocks should US president-elect Donald Trump sanction a large increase in US spending, were up slightly.