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Strong JPMorgan earnings update boosts US financial stocks

The UK’s top share index held on to record highs on the last day of the trading week as the Iseq overall index edged up by 0.58 per cent. Meanwhile, in the US, a strong update by the biggest US lender by assets, JPMorgan lifted financial stocks while robust retail sales data helped Amazon provide […]

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European shares ride high on strong economic growth

European shares hit their highest level in more than two years on Monday as confidence over global economic growth and mergers and acquisitions continued to boost investor appetite for stocks. In the US, the S&P 500 and the Dow struggled to edge higher, stalling the strong rally that marked the start of 2018, pressured by […]

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Light trading volumes on last business day of 2017

Trading was light on the last business day of 2017, with a number of markets closing early ahead of the New Year holiday. Stocks ended the year ahead and the euro looked set to go out on a high against the dollar. DUBLIN AIB closed 1.46 per cent ahead at €5.50 at the end of […]

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Shares tread water on thin holiday trading volumes

European shares inched lower on Thursday with company news and macro events scarce in holiday-thinned trading, while Britain’s FTSE 100 hovered just under a record high. Wall Street’s main indexes were slightly higher in late morning trading , helped by gains in technology stocks. Dublin Volumes were wafer-thin on the Iseq, as traders and investors […]

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Tech lifts euro zone stocks as Steinhoff sinks further

European shares edged up on Thursday as financial and tech stocks recovered, while troubled furniture retailer Steinhoff sank further, stung by an accounting scandal. Investors recovered their risk appetite, pushing euro zone stocks up 0.2 per cent, with financials the strongest sector, helping the bank-heavy Italian and Spanish markets outperform strongly with gains of 0.6 […]

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Tech lifts euro zone stocks as Steinhoff collapses

European shares edged up on Thursday as financial and tech stocks recovered, while troubled furniture retailer Steinhoff sank further, stung by an accounting scandal. Investors recovered their risk appetite, pushing euro zone stocks up 0.2 per cent, with financials the strongest sector, helping the bank-heavy Italian and Spanish markets outperform strongly with gains of 0.6 […]

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Sterling recovers as concerns about Brexit soften

Sterling recovered somewhat on Tuesday on the back of a softening about the likelihood for a Brexit deal. Dublin Shares in AIB ended the day up almost 1 per cent after earlier surging when the bank eased concerns it will have to set aside further provisions for an industry-wide, tracker-mortgage scandal. “The bank released a […]

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US political turmoil sends shockwave through global markets

News late in the day that former US national security adviser Mike Flynn pleaded guilty to lying to the FBI, in its probe of alleged Russian meddling in the US presidential election, sent a shockwave through global markets. European shares had been on course to recover early losses and were heading into positive territory, until […]

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US political turmoil roils global markets

News late in the day that former National Security Adviser in the US, Mike Flynn, pleaded guilty to lying to the FBI, in its probe of alleged Russian meddling in the US presidential election, sent a shockwave through global markets. European shares had been on course to recover early losses and were heading into positive […]

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Banks lead European markets higher

The Stoxx Europe 600 Index advanced with banks outperforming after US Fed Federal Reserve chairwoman Janet Yellen’s proposed replacement, Jerome Powell, signalled that he would not add to financial regulations. Retailers got a leg up after the strongest euro-zone confidence data since 2000 underscored the region’s economic resilience. Core European bonds fell and the euro […]

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