Traders work on the floor of the New York Stock Exchange as global markets continue to be rattled by mounting concerns of aggressive rate increases by central banks. Photograph: Spencer Platt/Getty ImagesDublin’s Iseq index stood out as a weak spot on Thursday as European stocks got September off to a weak start amid mounting concerns about economic growth, aggressive interest rate hikes and record-high inflation.
Dalata Hotel Group was also out of sorts, falling 3.7 per cent to €3.37, as the stock failed to secure support in the past two sessions from a robust set of interim results. Liz Truss, the frontrunner to replace Boris Johnson as UK prime minister, said she would act immediately to help people cope with surging energy prices that threaten to leave many unable to heat their homes this winter.
Data showed German retail sales rose unexpectedly in July, up 1.9 per cent on the month as online retail and the food sector showed recovery. Analysts had predicted sales would stagnate.