European stocks up despite bleak IMF economic report

Mark Hilliard - The Irish Times - 19:50
Wall Street comes back from steep selloff after Trump’s criticism of Federal Reserve chairman

European shares ended slightly higher though sentiment remained shaky after US president Donald Trump’s critique of Federal Reserve chairman Jerome Powell.

Britain’s economic outlook faced a big setback as the International Monetary Fund delivered its steepest downgrade for any big European economy, cutting the UK’s 2025 growth forecast from 1.6 per cent to 1.1 per cent.

DUBLIN

The Iseq All Share Index finished up 0.47 per cent to 10,014.30.

Hostelworld was the largest faller on the day. The company, whose chairman Ulrik Bengtsson last month announced his intention to step down later this year, saw its shares drop 14.29 per cent to €1.50.

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Elsewhere, there were declines for Glanbia, down 2.37 per cent to €9.87, Kingspan, which slipped 0.21 per cent to €70.60, and toolmaker Mincon Grou...
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