Menu

Stockmarkets hit hard by fears of rising interest rates

February 6, 2018

Financial markets have got a dose of the wobbles, with a big drop on Wall Street after a day of chaotic trading on Monday the clearest evidence yet that nerves are on edge.Wall Street had fallen on Friday, knocking on to Asian shares early on Monday. European markets ended sharply down, with the ISEQ index […]

Economy

Wall Street resumes fall in rollercoaster trading

February 6, 2018

Wall Street stocks extended losses on Monday in rollercoaster trading as concerns grew that strength in the US economy would result in rising inflation. The Dow Jones Industrial Average shed more than 1,500 points – or 6 per cent – in late afternoon trading, putting the blue chip index on track for its biggest one-day […]

Economy
 

Global stocks extend biggest sell-off since 2016

February 5, 2018

Global stocks extended the biggest selloff since 2016, with European, US and Asian shares continuing last week’s decline. Equity investors are looking for confirmation that recent declines represent the healthy correction many had expected after the stellar start to the year, but moves on Monday suggest the sell-off is not done yet. The fresh downward […]

Economy

Goodbody chief vows no job cuts as Chinese investor circles

February 5, 2018

Goodbody Stockbrokers’ managing director moved on Monday to reassure his 310 staff that there will be no job cuts or strategy change after it emerged the group has attracted a Chinese suitor in a deal that could be worth more than €100 million. Roy Barrett, who has led Goodbody since 1996, confirmed in an e-mail […]

Economy

Financial markets could be heading for a bumpy ride

February 5, 2018

Financial markets have got a dose of the wobbles, with a big drop in Wall Street late on Friday hitting Asian markets and leading to weak trading in Europe on Monday. Last year was an exceptionally calm one on financial markets, but 2018 looks like it might be more volatile. At the heart of this […]

Economy

Asian markets tumble as global equity sell-off deepens

February 5, 2018

Asian stock markets tumbled on Monday as the global equity market sell-off deepened following Wall Street’s worst trading day in two years on Friday. Hong Kong’s Hang Seng index fell by as much as 2.7 per cent, while the Hang Seng China Enterprises index of large-cap Chinese companies listed in Hong Kong dropped by as […]

Economy

Dow Jones experiences biggest daily points drop since financial crisis

February 3, 2018

Worries about the impact of a tightening job market on the prospects for inflation and a surge in bond yields sent investors fleeing equities on Friday, with the Dow Jones Industrials Average swooning almost 666 points, for its biggest daily percentage loss in 20 months. It was the biggest daily point fall in the Dow […]

Economy

Back-to-the future deal makes McCanns top bananas once again

February 3, 2018

For the McCann fruit ‘n’ veg dynasty, it’s a case of back to the future. Having sold Fyffes – which traces its roots back to 1902 when Charles McCann established a greengrocers on Clanbrassil Street in Dundalk – to Japan’s Sumitomo Corporation last year for €751 million, the founder’s descendents are getting back into the […]

Economy

Equities fall as bond sell-off deepens across Europe

February 3, 2018

European equities fell as investors grew doubtful the year-to-date rally could keep up its recent pace. A bond sell-off deepened across the continent, and equities dropped for a fifth straight day, the longest losing streak since November. The price of oil took a tumble after the strong US dollar knocked back gains from the previous […]

Economy

European rally evaporates in mid-session

February 2, 2018

European shares fell again, compounding a difficult week that saw a widespread equity sell-off. The Iseq in Dublin limited the drop to 0.2 per cent. In London, Vodafone posted a disappointing trading update and dragged British shares into a third day of losses as outsourcing firms failed to recover after Capita’s profit warning during the […]

Economy