Topping the Iseq on Friday was Paddy Power owner Flutter, which continued to feel the benefit of what traders said was a very positive capital markets day in the US earlier this week. Shares in the betting giant jumped nearly 3.7 per cent to finish the week at 133.05.
Shares in Lloyds, Barclays and NatWest added between 0.7 and 2.3 per cent. Bucking the trend, HSBC shares, down 10 per cent since August, shed 0.6 per cent of their value on Friday. Energy and exploration stocks declined as oil and gas prices continued to stumble. Tullow Oil gave up close to 1.4 per cent while Shell and BP were down between 0.4 and 0.7 per cent.Comments by Dutch central bank president Klaas Knot helped lift European stocks on Friday. The typically hawkish ECB governing council member said in a speech that “as the stance of monetary policy tightens further, it will become more likely that the pace of increases will slow”.
In what was otherwise a sea of green in Europe on Friday, German software company Sap, up 29 per cent in the last month alone, was the biggest loser on the session, giving back 2.4 per cent. Dutch conglomerate Philips, down close to 0.4 per cent, slid for the third session in a row.US equities were largely unchanged and oil futures fell one day after Federal Reserve policymakers signalled that interest rates would continue to rise for a while. The S&P 500 index was up 0.
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