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Sterling drop weighs on Iseq as European shares advance

The Iseq index stood out as a weak spot across European markets on Friday as a drop in the value of sterling against the euro as a result of weaker-than-expected UK economic figures weighed on sentiment. The Iseq index fell 0.2 per cent to 6,798.38 points, resulting in a 0.4 per cent decline for the […]

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Bond yield worries send shares lower

Worries over rising bond yields and falling metals prices trumped well-received earnings updates from Kering and Credit Suisse on Wednesday, sending European shares to a one-week low. Wall Street was also tracking lower after warnings by top US firms about rising costs fuelled worries that corporate earnings may have peaked. Concern remained over higher bond […]

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Rising US Treasury yields affect shares as Europe edges ahead

European shares edged up on Monday as a rise in US Treasury yields helped lift bank stocks to nearly five-week highs, more than offsetting a disappointing update from UBS and losses among bond-proxy sectors. London’s blue-chip index made gains as the pound continued to fall on expectations that the Bank of England would delay an […]

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European shares fall amid tensions between US and Russia

European shares fell on Monday as geopolitics kept investors on the sidelines as they weighed a warning from US president Donald Trump to Russia of imminent military action in Syria over a suspected poison gas attack. The pan-European Stoxx 600 index fell by 0.6 per cent to 376.18 points. DUBLIN The Iseq overall index declined […]

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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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Stock markets rally after trade war fears ebb

European stocks jumped to their highest level in more than two weeks on Thursday as investors bought back into risky assets and trade tensions between the United States and China appeared to ebb. After a retaliatory blow from China against proposed US tariffs drew conciliatory noises from Washington, some investors calculated a full-blown trade war […]

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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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Trump’s tweets turn to dangerous action on trade

You would have thought President Donald Trump might have left well enough alone. His tax package was passed – a huge political victory – and the economic figures have been strong. But whatever the motivations – hubris, the mid-term elections later this year or maybe just a belief that he is on a roll – […]

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Trump tweet commentary risks further destabilising trade

You would have thought President Donald Trump might have left well enough alone. His tax package was passed – a huge political victory – and the economic figures have been strong. But whatever the motivations – hubris, the mid-term elections later this year or maybe just a belief that he is on a roll – […]

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Chips are down as tech fears weigh on European shares

European stocks tumbled on Tuesday as investors entered the second quarter in a febrile atmosphere of trade tensions and mounting pressure on big technology companies. The pan-European STOXX 600 fell 0.7 per cent, while Germany’s DAX declined 0.8 per cent, with industrials, consumer staples and financials the biggest weights. Elsewhere, the FTSE100 was down 0.6 […]

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