Markets post weekly loss ahead of ECB rates decision

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Markets post weekly loss ahead of ECB rates decision
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European stocks end the week in the red despite gaining on Friday

Flutter Entertainment was up 2.2 per cent to €166.20, while Glanbia added almost 2.6 per cent over the session.

JD Sports and Next were among the consumer-oriented stocks to help the FTSE, after the high street brands received positive broker notes.Housebuilder Berkeley Group failed to excite after it reported a slump of more than a third in home reservations, flagging high inflation and interest rates weighing on the sector.Shares in the company remained at 3,972p at the close despite volatility during Friday’s trading session.

Luxury heavyweight LVMH added 2.2 per cent, its first gain in eight sessions, lifting the personal and household goods sector 1.1 per cent higher.

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