Figures ease fears of further US interest rate rises
Housebuilder Cairn Homes added 1.22 per cent to end the day at €1.164. The company is due to publish results for the six months to the end of June next week. Its rival, Glenveagh Properties, climbed 1.6 per cent to €1.018.
The oil price move boosted BP shares, which rose 2.73 per cent to 500.8 pence sterling. Strong copper prices aided Rio Tinto which climbed 100p or 2.05 per cent to 4,972.5p, and Glencore, which added 1.35 per cent to 427.15p. Shares in Direct Line Insurance Group closed down 2 per cent at 158.8p after the UK’s Financial Conduct Authority ordered it pay out £30 million sterling in compensation to customers.The Stoxx Europe 600 Index, which tracks leading shares across 18 markets, The pan-European STOXX 600 index rose 0.16 per cent.
Renault slid 6.25 per cent to €35 while Volkswagen was off 4.2 per cent at €108.32. BMW shed 3 per cent to €94.20.
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