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Tag: New York City

Strong JPMorgan earnings update boosts US financial stocks

The UK’s top share index held on to record highs on the last day of the trading week as the Iseq overall index edged up by 0.58 per cent. Meanwhile, in the US, a strong update by the biggest US lender by assets, JPMorgan lifted financial stocks while robust retail sales data helped Amazon provide […]

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Bank rally pushes markets up again

Global bond yields rose after Bloomberg reported that Chinese officials were said to be wary of American government debt, further roiling a bond market unnerved by a recent sell-off. This drove financial stocks across Europe higher and kept markets on winning run. Reduced asset purchases by the world’s top central banks, rising commodity prices and […]

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Oil trades above $61 amid optimism that surplus is abating

Oil traded above $61 a barrel as signs of slowing US drilling added to optimism that the global crude surplus is abating. Futures were little changed in New York following a 1.7 per cent increase lastweek. Working rigs drilling for crude fell by five in the seven days ended Jan.5, bringing the total to 742, […]

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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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Wall Street hits record as European stocks trade higher

On the day Mifid II launched Ireland saw relatively strong trading volumes according to Dublin traders and the Iseq overall index closed up 0.02 per cent with Ryanair and Bank of Ireland leading the pack. Britain’s main stock index rose 0.4 per cent to within a whisker of its recent record high, reversing an earlier […]

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Cairn Homes leads Iseq 20 on house price hopes

Cairn Homes and C&C led Irish large-caps higher, as the wider Iseq overall index stood out as a bright spot in Europe as traders returned to their desks for the first session of the new year. The Iseq overall index added 0.2 per cent to 7,054.55, recovering most of the ground lost on Friday, while […]

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Slow iPhone sales pushes European tech stocks down

There was very light volume traded on Wednesday as European markets closed the day up marginally while US indices were trading up despite a fall in the technology sector after reports of tepid sales for Apple’s iPhone X. Ireland’s benchmark Iseq overall index closed up by 0.05 per cent with little movement across the board, […]

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European shares flag as ECB provides no momentum

European shares lagged their US peers and closed in negative territory on Thursday, as a busy day of central bank meetings failed to provide momentum even though the European Central Bank raised its growth and inflation forecasts. Europe’s STOXX 600 ended the day down 0.46 per cent, while US stocks climbed higher in morning trading, […]

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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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