Most European shares rose this morning, led by miners and energy stocks, as investors geared up for key inflation numbers out of the US and euro zone to back expectations that global interest rates have peaked.
London's FTSE index had gained 14 points (0.2%) to stand at 7,437 by 9.30am, while the Paris CAC was up 10 points (0.1%) to trade at 7,278 and the Frankfurt DAX added 31 points (0.2%) to reach 16,198.
But Dublin's ISEQ index had dipped two points (0.03%) to hit 8,275. Shares in Permanent TSB fell 1.2% to stand at €1.67, while Irish Continental Group fell 1.1% to trade at 44.35. Shares in Smurfit Kappa rose 1.9% to reach €33.80 while Dalata Hotel Group gained 0.5% to hit €4.18.
Earlier in Asian trade, Tokyo's Nikkei index gained 165 points (0.5%) to finish at 33,487 after a mixed performance on Wall Street, buoyed in part by rallies in chip-linked shares. The Hang Seng index in Hong Kong rose 49 points (0.3%) to close at 17,043 after a four-day sell-off, with traders keenly awaiting the release of key US inflation data later in the day.
Wall Street stocks finished mixed last nighty, extending a choppy week of trading following government data that upgraded US economic growth in the third quarter. The world's biggest economy saw GDP growth of 5.2% at an annual rate in the third quarter, due to higher investment and government spending than originally expected.
The Dow Jones finished up less than 0.1% at 35,430, while the broad-based S&P 500 slipped 0.1% to close at 4,550 and the tech-rich Nasdaq Composite index dropped 0.2% to end at 14,258.
