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Tag: Jerome Powell

Sell-off in tech stocks eases as investors mull earnings growth

A sell-off in technology shares that began Monday in Asia and picked up pace in the US began to ease Tuesday, as investors mull the potential for weaker earnings growth among companies that have led gains over the past year. Stocks came off their lows of the day in Tokyo, and were up in Seoul […]

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Asian shares slide on weak China, Japan manufacturing data

Asian shares extended losses on Wednesday as weak Chinese and Japanese manufacturing data revived worries about global growth amid anxiety over faster rate rises in the United States. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped more than 1 per cent, its biggest daily percentage drop since February 9th when world financial markets were […]

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Markets slip amid indications of US interest rate rises

Markets slipped on Tuesday as new US Federal Reserve chairman Jerome Powell indicated that he would raise interest rates gradually in the world’s biggest economy. DUBLIN Insurer FBD was the star performer after reporting that underwriting profits rose to almost €45 million last year from €3.2 million in 2016. Shares surged 14.83 per cent to […]

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European shares trade higher as focus turns to monetary policy

European shares rose on Monday, with gains across bourses and industry sectors, as the focus gradually shifts from the earnings season to monetary policy and politics with Italy’s election on Sunday. Shares gave up some of their gains after comments by European Central Bank president Mario Draghi suggested the bank was still confident that inflation […]

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European shares trade higher as Fed policy comes into focus

European shares rose on Monday, with gains across bourses and industry sectors, as the focus gradually shifts from the earnings season to monetary policy and politics with Italy’s election on Sunday. Shares gave up some of their gains after comments by European Central Bank president Mario Draghi suggested the bank was still confident that inflation […]

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Dublin’s Iseq lags European peers after choppy trading session

European shares ended Friday in positive territory after a choppy session, posting a slim weekly gain as investors digested disappointing company results. The UK’s top share index dipped after bank RBS and Aer Lingus owner IAG tumbled following their results, sending the FTSE 100 to a slight weekly loss. US stocks rose with treasuries and […]

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Stars not aligned for smooth correction of false stock market

The Dow Jones Industrial Average is the world’s most widely followed share price index. It was created more than 120 years ago by the Wall Street Journal newspaper. Since then it has been a flashing indicator of the health of the American and, more recently, the global economy. The world in a number, one might […]

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Battered stock markets head for worst week since 2011

A 4 per cent drop in Chinese shares dealt reeling world stock markets a fresh blow on Friday, as nerves about rising borrowing costs and soaring volatility put them on course for their worst week since the height of euro zone crisis. European bourses saw relatively minor early losses but China’s overnight plunge had gouged […]

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Stocks head for worst week since 2011

A 4 per cent drop in Chinese shares dealt reeling world stock markets a fresh blow on Friday, as nerves about rising borrowing costs and soaring volatility put them on course for their worst week since the height of euro zone crisis. European bourses saw relatively minor early losses but China’s overnight plunge had gouged […]

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Savaged stocks head for worst week since 2011

A 4 per cent drop in Chinese shares dealt reeling world stock markets a fresh blow on Friday, as nerves about rising borrowing costs and soaring volatility put them on course for their worst week since the height of euro zone crisis. European bourses saw relatively minor early losses but China’s overnight plunge had gouged […]

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