European stocks scaled a record high on Friday, buoyed by hopes that major central banks will remain accommodative despite signs of rising inflation, while a rally in miners boosted UK shares. Travel-related stocks performed well despite increasing uncertainty over summer bookings and doubts over the full reopening of the UK as planned this month. Ryanair rose by 1.2 per cent to €16.59, as its rival Aer Lingus cut some summer routes. Shares rose by 40p to 259p after investors welcomed the news, which came days after UK regulators approved the test. The S&P 500 traded just below a record high of 4,249.74, with heavyweight technology stocks serving as the largest boost.

Source: The Irish Times June 11, 2021 18:00 UTC