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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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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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Oil rally drives European shares higher

European shares were supported on Wednesday by strength in oil stocks after US president Donald Trump pulled the United States out of Iran’s nuclear agreement, boosting crude prices. While some well-received earnings updates also provided support to the overall market, shares in companies with exposure to Iran fell, with plane maker Airbus and car makers […]

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European shares choppy as earnings fail to set trend

European shares steadied on Tuesday as a batch of company updates failed to set a clear trend and chipmakers were weighed down by a warning of a downturn in orders by Austria-based chipmaker AMS, which supplies Apple. The pan-European STOXX 600 benchmark ended flat at the end of a choppy day, marginally weighed down after […]

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Shares rise as China’s Xi backs away from trade war

European shares rose on Tuesday after Chinese president Xi Jinping promised to cut import tariffs, fuelling optimism that a trade war between his country and the US could be averted. Gains were widespread, with the STOXX 600 closing up 0.82 per cent, slightly below Wall Street, where the S&P 500 was up 1.8 per cent […]

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World stocks rebound but volatility stays elevated

Ireland’s Iseq overall index reversed some losses after a tough week last week and closed up 1.31 per cent with strong performances from Bank of Ireland and Total Produce. British shares, too, rebounded thanks to a relief rally in commodities stocks. But with market volatility tipped to stay elevated, investors were divided over whether to […]

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Carillion collapse weighs heavily on UK and European equities

On the first day of a new trading week US markets were closed on account of Martin Luther King day. Meanwhile, Ireland’s benchmark Iseq overall index edged up by 0.08 per cent, beating its UK and European peers. Both UK and European stocks fell on Monday, with Carillion’s collapse causing investors to establish the disruption […]

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Iseq hits eight-month high as global markets cheer growth indicators

Irish shares rose to an eight-month high on Thursday, driven by CRH, Kingspan and Bank of Ireland, as equity markets globally surged on the back of strong data from the world’s largest economies. The Iseq overall index advanced 0.8 per cent to 7,126.57, a level last seen in May, while the pan-European Stoxx 600 index […]

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Iseq hits 8-month high as global markets cheer growth indicators

Irish shares rose to an eight-month high on Thursday, driven by CRH, Kingspan and Bank of Ireland, as equity markets globally surged on the back of strong data from the world’s largest economies. The Iseq overall index advanced 0.8 per cent to 7,126.57, a level last seen in May, while the pan-European Stoxx 600 index […]

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Wall Street hits record as European stocks trade higher

On the day Mifid II launched Ireland saw relatively strong trading volumes according to Dublin traders and the Iseq overall index closed up 0.02 per cent with Ryanair and Bank of Ireland leading the pack. Britain’s main stock index rose 0.4 per cent to within a whisker of its recent record high, reversing an earlier […]

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