AI boom and simmering oil prices boost global stocks, but Brazil election knocks some back

Global stocks grew steadily Monday, as the artificial intelligence (AI) boom on Wall Street bolstered the New York stock market and simmering oil prices gave US investors renewed confidence in the energy industry. Elsewhere, responses to the re-election of the left-wing presidential incumbent in Brazil knocked many Spanish and Portuguese companies back, as traders hedge their bets on the economic future of the growing superpower.DublinThe Iseq All-Share index ended the opening day of trading in the green, growing 1.54 per cent to 14,153.02 by close of markets Monday, with only two listed companies falling in share value.Housebuilders Glenveagh Properties dipped 0.21 per cent at €2.42 a share, while insurance company FBD Holdings fell 0.78 per cent to close at €19.10. Mining company Kenmare Resources and ferry-operator Irish Continental Group saw no change in their share prices.Ryanair’s stock took off, up 2.04 per cent to close at €22.99, while the banking…

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