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Euro near six-month lows, Asian shares dip on Italy woes

Asian shares fell on Tuesday and the euro struggled near six-month lows as early elections loomed in Italy, although a revival in diplomatic talks with North Korea and a retreat in oil prices supported sentiment. European shares looked set to extend losses, spreadbetters showed, as investors feared Italy’s election campaign could focus on the country’s […]

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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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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 […]

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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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Emerging market currencies slip after worst week since 2016

Emerging markets currencies faced further selling on Monday on the heels of the worst week in more than a year, with a resurgent dollar and a slew of local issues sparking jitters among investors.  In European action on Monday, the JPMorgan emerging markets currency index slipped 0.29 per cent.  The Turkish lira faced the heaviest […]

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Glanbia rises as over 500,000 of its shares changes hands

European markets rose on Wednesday as miners gained from metal price increases and strong company results boosted investors’ confidence. DUBLIN Food group Glanbia climbed 2.58 per cent as more than 500,000 of its shares changed hands. Kerry Group rose by 1.41 per cent to €86.20. Danone, one of Europe’s biggest dairy companies, reported strong results […]

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Stocks linked to Russia hit by fears over US sanctions

Further US sanctions on Russian interests hit Europe-listed stocks on Monday, denting a recovery as investors became more hopeful a trade war between the United States and China could be averted. DUBLIN The Iseq remained virtually flat on thin trading volumes. The slide in Independent News & Media’s (INM) share price continued, following the drip […]

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Brewing US-China trade war takes the fizz out of European stocks

European shares fell as China’s response to US tariffs fuelled fears of a trade war. DUBLIN The Irish market reflected the rest of Europe. Cider maker C&C surged 8.75 per cent to close at €2.86 after announcing that it was buying UK drinks distributor Matthew Clark Bibendum. The Irish company will pay a nominal sum […]

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