.DUBLIN ISEQ 7516.28 Up 2.7% on week Ireland's ISEQ index added 1.7% to 7516.28 on Friday. The Dublin market made signi"cant gains on Thursday as the US Federal Reserve hinted that interest rate hikes could be coming to an end. The Fed raised interest rates by 25 basis points to 5.5 %, but gave strong signals that the cycle of rate hikes may be over.
The major movers on Friday were amongst the financials. Shares in Anglo Irish Bank rose by 51c to close at 1216, while the Bank of Ireland also made some gains, closing up 29c at 1395. AIB gained 26c to close at 1876.
.LONDON FTSE 100 5833.4 Up 2.5% on week UK stocks advanced on Friday after the Federal Reserve signalled it may stop raising interest rates. Anglo American led mining stocks higher as metal prices climbed. Brambles Industries gained after selling a waste collection unit to Veolia.
Centrica rallied after Russia's OAO Gazprom called the gas distributor an "interesting asset". Indexes extended gains after US government reports showed that in"ation matched economists' estimates, while consumer spending in Europe's biggest trading partner increased. BHP Billiton gained 1.8% to 1,049p, while Anglo American advanced 2.5% to 2,218p. Boots dropped 2.2% to 769.5p. The retail chain was cut to 'sell' from 'hold' by Dresdner Kleinwort.
.EUROPE EuroStoxx 50 3378.8 Up 1.7% on week European stocks climbed after the US Federal Reserve signaled a run of interest-rate increases may be nearing an end. Bayer gained after Siemens agreed to buy its diagnostic unit for 4.2bn. Sweden's Tele2 rose after it bought a controlling stake in an internet business. Mining stocks gained along with metal prices as copper rose 1.7%.
.NEW YORK DOW 11,150.22, up 1.5% NASDAQ 2172.09, up 2.8% S&P 500 1270.21, up 2% US stocks rose for the week as General Motors surged, while Apple Computer and Computer Sciences led a retreat of technology shares on Friday. Shares of General Motors surged $2.48, or 9%, to $29.92 for the biggest rise in the Dow average.
Computer Sciences slid $7.23 to $48.65.
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