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Tag: Bank of Ireland

Italian political crisis sees risk appetite wither in Europe

Politics dominated markets on Monday, with risk appetite withering in Europe as Italy lurched toward fresh elections. The region’s shares and currency reversed early gains. Holidays in the US and UK also slowed trade. DUBLIN Traders complained that business in Dublin was “very, very quiet”, largely thanks to the closure of New York and London […]

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Italian politics dominate markets on a day when US and UK holidays slowed trade

Politics dominated markets on Monday, with risk appetite withering in Europe as Italy lurched toward fresh elections. The region’s shares and currency reversed early gains. Holidays in the US and UK also slowed trade. DUBLIN Traders complained that business in Dublin was “very very quiet”, largely thanks to the closure of New York and London […]

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Bank of Ireland attracts interest as markets generally flat

Borrowing costs and rising oil prices dampened any gains on the European and US markets in the final session of the week. The Iseq index closed marginally higher as markets prepared for a holiday weekend in the US and UK. Meanwhile, potential political turmoil in Spain and Italy rocked Europe’s markets. Dublin Traders said the […]

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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 […]

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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 […]

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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 […]

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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 […]

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Paddy Power Betfair drags Iseq into the black

Weak financial stocks weighed on European shares on Monday after a strong run of weekly gains, while dealmaking livened up trading. UK shares fell slightly following a strong run, while a potential bidding war for IWG triggered a surge in the serviced office provider’s stock, the latest deal in a flurry of mergers and acquisitions. […]

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European stocks lifted by deals but Iseq drops

European shares edged higher on Friday, capping off their longest weekly winning streak for more than three years as investors mulled a slew of mergers and acquisitions (M&A) activity. The pan-European STOXX 600 index ending up 0.1 per cent, scoring its seventh straight week of gains and the longest winning streak since March 2015. Dublin […]

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Banking and mining stocks buck trend as shares slide

European shares dipped on Thursday although sectors such as banking and mining provided investors with some respite. DUBLIN Airline Ryanair fell 1.18 per cent to €15.50. There was no news behind the fall but traders suggested that it was on the back of concerns about oil price rises. Cement giant CRH dipped 0.7 per cent […]

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