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Italian political risk scares investors but Europe closes higher

Irish stocks edged higher on Wednesday while a weak euro provided support to the broader European market. In Italy, investors on the Milan bourse were scared off after the country’s two anti-system parties made progress in forming a coalition – thus potentially freeing up billions for tax cuts and welfare. Britain’s FTSE 100 was driven […]

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Revenue at ISE owner Euronext rises 16% in first quarter

The owner of the Irish Stock Exchange saw revenue rise 16 per cent in the first quarter of the year, lifted by revenues from cash trading, along with market data and indices. Euronext, which completed its acquisition of the Irish Stock Exchange earlier this year, said revenue rose to to €146.7 million, with cash trading […]

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Uncertainty over Iran nuclear deal scares markets

European shares edged up 0.1 per cent on Tuesday, but Italian stocks were a weak spot as the threat of a snap election grew, while earnings and deal-making sparked some large individual moves elsewhere. Wall Street was lower in choppy trading in the afternoon, as oil prices slid on uncertainty over whether US president Donald […]

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Uncertainty over Irand deal and Italian elections scare markets

European shares edged up 0.1 per cent on Tuesday, but Italian stocks were a weak spot as the threat of a snap election grew, while earnings and deal-making sparked some large individual moves elsewhere. Wall Street was lower in choppy trading in the afternoon, as oil prices slid on uncertainty over whether US president Donald […]

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Nestlé buoys European shares while Apple boosts US tech firms

Both the Irish and UK stock exchanges were closed on Monday, however their European peers were open and shares closed higher on the day, supported by strong earnings updates and gains in Nestlé after the Swiss-based food firm agreed a tie-up with Starbucks. A weak euro, which typically gives an accounting boost to companies who […]

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European shares buoyed by Nestlé while Apple boosts US tech companies

Both the Irish and UK stock exchanges were closed on Monday, however their European peers were open and shares closed higher on the day, supported by strong earnings updates and gains in Nestle after the Swiss-based food firm agreed a tie-up with Starbucks. A weak euro, which typically gives an accounting boost to companies who […]

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Smurfit Kappa gains in Dublin after positive trading update

Healthcare and technology companies led gains in European equities on Friday as the euro slipped amid mounting concern about the region’s economic outlook. Financial stocks recovered some earlier losses incurred after disappointing earnings reports from BNP Paribas, Société Générale and HSBC. Wall Street was led by gains for Apple after Berkshire Hathaway, the company owned […]

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US-China trade concerns trouble global investors

Lingering concerns about the outcome of US-China trade talks and the potential for rising interest rates in the US troubled global investors on Thursday with major US indices falling 1 per cent. Falls in Europe were more muted with the Iseq underperforming the wider Stoxx 600 index which fell 0.75 per cent. Dublin The Iseq […]

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ECB meeting spurs fall in euro, boosting stocks

A fall in the euro, as the European Central Bank kept policy unchanged, boosted European stock markets on Thursday although the Iseq slightly underperformed the pan-European Stoxx 600 index. However, positive moves for CRH and Smurfit Kappa helped the Iseq overall close above Britain’s FTSE which underperformed European peers following disappointing results from oil major […]

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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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