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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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Best week since April for European shares as UK, Swiss indices hit records

European shares powered to their best week since last April on Friday, with the British and Swiss benchmarks hitting records, propelled by optimism about a strengthening regional economy and fresh new highs on Wall Street. The pan-European STOXX 600 index was up 0.8 per cent, holding at a two-month high, while euro zone blue chips […]

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Best week since April for European shares as UK, Swiss indexes hit records

European shares powered to their best week since last April on Friday, with the British and Swiss benchmarks hitting records, propelled by optimism about a strengthening regional economy and fresh new highs on Wall Street. The pan-European STOXX 600 index was up 0.8 per cent, holding at a two-month high, while euro zone blue chips […]

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CRH rises as Trump prepares to unveil infrastructure plan

London’s top-flight index rebounded on Friday and sterling gave up its gains as prime minister Theresa May overcame a major barrier in the Brexit negotiations. Dublin Building materials company CRH closed the day up 1.5 per cent in Dublin on the back of rumours that US president Donald Trump is to ramp up infrastructure spending. […]

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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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Brexit deadlock fears push sterling to one-week lows

Sterling fell to a one-week low in volatile trading on Wednesday after the Sun newspaper’s political editor said on Twitter that a Brexit deal is unlikely this week. The Sun’s political editor Tom Newton Dunn, citing a source in the Democratic Unionist Party, said there would be no Brexit deal done this week and hopes […]

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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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Sterling rises to two-month high on Brexit progress

Sterling has risen to a two-month high after the UK and the European Union reached a preliminary agreement on the UK’s Brexit bill. The UK currency rose to around 88.6p against the euro, from 88.8p yesterday, a trend which if it continues will provide some relief for Irish exporters. Sterling rose across the board against […]

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Sterling set to rise for third week as markets eye EU comments

Sterling edged higher on Friday and is poised to post gains for a third consecutive week as markets interpreted latest comments from top EU policymakers as mildly positive for Brexit negotiations though gains were capped. With general dollar weakness across the board in a week shortened by holidays in the US and Japan, the British […]

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