European shares gain 3% in past week on hopes over end to global rate hikes

AIB and Bank of Ireland shares were up by as much as 1% in the latest session, while Permanent TSB climbed by over 3%

The pan-European Stoxx-600 index has gained over 3% this week, on track for its best week since the end of March and recouping last week’s losses.

European shares were muted on Friday, but logged their biggest weekly percentage jump in over three months on hopes that easing inflation would allow the US Federal Reserve to pause rate hikes soon.

The pan-European Stoxx-600 index has gained over 3% this week, on track for its best week since the end of March and recouping last week’s losses.