Data from the UK and the US in recent days indicates that inflation may be cooling as investor eyes turn to euro zone inflation data due out later this week. Euronext Dublin was out of step with European peers on Wednesday as it recorded an overall loss.
Euronext Dublin lost 0.1 per cent on Wednesday as the Iseq All Share closed at 8,255.97.
The banks all saw losses on the day, with AIB falling by 0.61 per cent to €4.22, and Permanent TSB down 1.1 per cent to €1.79.
Bank of Ireland saw the largest loss, down 3.26 per cent to close at €8.62. On Tuesday Bank of Ireland struck a deal to pay an average 4 per cent pay increase to most of its 10,500 staff following negotiations with the Financial Services Union.
Paddy Power parent company Flutter Entertainment lost 1.4 per cent to close at €144.85, while nutrition company Glanbia fell by 2.23 per cent to €15.35.
Home-builder Glenveagh Properties lost 0.77 per cent to close at €1.04, while peer Cairn Homes gained 0.82 per cent and closed at €1.23.
Also moving upwards on the day, insulation and building materials manufacturer Kingspan rose by 1.06 per cent to €68.78, and packaging giant Smurfit Kappa gained 1.86 per cent to close at €32.80.
Ryanair gained 1.99 per cent to close at €17.42, and food company Kerry Group closed at €73.92, after gaining 0.3 per cent.
The UK’s benchmark indexes rose on Wednesday as cooler than expected inflation data lifted investor sentiment.
The export-heavy FTSE 100 Index rose by 0.62 per cent to 7,486.91, while the more domestically-focused FTSE Mid-Cap 250 Index rose by 0.76 per cent to 18,676.48. The UK consumer price index rose by 4.6 per cent in the 12 months to October, slowing from September’s 6.7 per cent increase, the Office for National Statistics said.