Markets gain as all eyes turn to ECB rate announcement

European markets rebounded yesterday after weaker sessions on the first two days of the week. Most markets posted gains of over 1% as all eyes begin to turn to the ECB rate announcement and subsequent press conference today.

The Iseq index gained almost 2% or 89.46 points to 4902.17. The Irish-listed banks had a mixed performance as Bank of Ireland tacked on 0.4c to 30.2c, while both AIB and Permanent TSB Group remained flat. The former closed at 10.6c while the latter finished the session at 7.1c. FBD Holdings gave up 11c to €13.74.

Food producers traded well on the day as Kerry Group added 65c to €55.15, while Aryzta was 83c better at €66.33. Glanbia gained 5.5c to €11.495.

Elsewhere, Ryanair continued its strong post third-quarter numbers run, moving on 18c to €8.57.

Aer Lingus jumped almost 8% to €1.638 as news surfaced that unions have voted in favour of a resolution to recent pension issues.


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