Menu

Category: Economy

Markets trend down as US-China trade talks hit obstacle

Global stocks sold off while investors raced for the safety of the Japanese yen and some government bonds on Wednesday as concerns rose that setbacks to US-China trade talks would undermine world economic growth. US president Donald Trump said trade discussions with China would need to be rerouted, saying the current track appeared “too hard […]

0 Comments
Read Full

Turkey’s lira plunges to new low as Japanese investors sell

Turkey’s lira plunged to a new record as the central bank’s inertia exacerbates market concerns, fueling a selloff by Japanese investors. The currency hit fresh all-time lows versus the dollar, the euro and the yen on Wednesday, amid a lack of policymaker action to fight Turkey’s economic woes. The drop was exacerbated during thin liquidity […]

0 Comments
Read Full
 

Shares bounce on hopes for US-China breakthrough

European shares touched their highest level since the start of February on Tuesday as car makers and bank stocks climbed and Italian shares recovered. In London, the FTSE 100 hit its third record high in one week, with stocks buoyed by signs of continued improvement in the trading relationship between the US and China. US […]

0 Comments
Read Full

Ryanair lifts Iseq as global investors hail easing US-China trade wars threat

The Iseq surged 1.2 per cent on Monday, helped by a surge Ryanair, one of the index’s heavyweight stocks, and as investors globally were cheered by easing trade tensions between the US and China. The Iseq closed at 7,181.25, less than 55 points off the decade-high reached by the index in January before equities were […]

0 Comments
Read Full

Greencore must convince investors it has drawn line under US woes

Greencore shares have recovered almost half their ground since slumping 30 per cent four days before St Patrick’s Day as the convenience foods group warned that problems in its US business would lead to weaker-than-expected earnings this year. Chief executive Patrick Coveney will be hoping that he can draw a line under the US woes […]

0 Comments
Read Full

London Stock Exchange has laid out plan for trading link with Shanghai

London Stock Exchange Group has laid out a blueprint for its long-awaited trading link with Shanghai, an initiative that will further China’s efforts to integrate with the international financial system. The London-Shanghai Stock Connect will allow companies from China to sell global depository receipts in the UK, and enable London-traded firms to list similar securities […]

0 Comments
Read Full

Euro continues to fall as Italy agrees on a government

The anti-establishment 5-Star Movement and far-right League on Friday published their joint government programme, promising a major spending spree that will likely put Italy on a collision course with the European Union. If they receive the backing of their supporters in swift, informal ballots planned over the next three days, the coalition government could take […]

0 Comments
Read Full

Oil stocks and online supermarket Ocado buoy European equities

European shares rose on Thursday to a fresh three-month high as oil stocks rallied and online supermarket Ocado shot up after it signed a game-changing deal in the United States. The pan-European Stoxx 600 ended up 0.7 per cent, while Italy’s benchmark index bounced 0.3 per cent following heavy losses in the previous session on […]

0 Comments
Read Full

Italian political risk scares investors but Europe closes higher

Irish stocks edged higher on Wednesday while a weak euro provided support to the broader European market. In Italy, investors on the Milan bourse were scared off after the country’s two anti-system parties made progress in forming a coalition – thus potentially freeing up billions for tax cuts and welfare. Britain’s FTSE 100 was driven […]

0 Comments
Read Full

Strong performance by oil stocks boosts European shares

European shares inched up aided by a strong performance from oil stocks boosted by news of an increase in crude prices. DUBLIN Former Ires Real Estate Investment Trust chief executive David Ehrlich sold 11.8 million shares to the listed landlord’s biggest investor Capreit for €1.3773 each. However, the news had little impact on the Ires […]

0 Comments
Read Full