European markets lose momentum

Traders work on the floor of the New York Stock Exchange. The main US indexes oscillated within a tight range on Tuesday as investors grew cautious in advance of AI chip leader Nvidia’s earnings this week and Federal Reserve officials emphasised the central bank was in no hurry to ease interest rates. Photograph: Angela Weiss/AFP

The lender-heavy Italian share index lagged regional peers, dropping 0.6 per cent to hit a more than one-week low. Shares in Dublin-based convenience foods group Greencore soared by almost 19 per cent on Tuesday after the company published half-year results slightly in advance of forecasts and announced a £50 million return for shareholders, via buy-backs and dividends.The FTSE 100 nudged downwards on Tuesday as a broader sell-off reached European stocks after falls in Asia.

Chief executive Pascal Soriot said many of the new products have potential to generate more than five billion dollars a year and “transform millions of lives”. Swiss fastening systems maker SFS Group climbed 8 per cent, after UBS upgraded the stock to “buy” from “neutral”. Euro zone negotiated wage data for the first quarter along with May manufacturing data expected on Thursday could shed light on the state of the economy and offer clues to the trajectory of interest rates.

Source: Financial Digest (financialdigest.net)

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks edge up as markets await US inflation dataPan-European Stoxx 600 index ends 0.2 per cent higher, with most sectors in positive territory
Source: IrishTimes - 🏆 3. / 98 Read more »

European shares slip as investors parse inflation dataStoxx 600 notches first monthly loss in six even as data signals improving economic fundamentals
Source: IrishTimes - 🏆 3. / 98 Read more »

“It’s decimating tourism’ - 600 hotel beds to accommodate asylum seekersUsing hotel beds to accommodate asylum seekers is “decimating tourism” in Ireland, according to a restaurant owner in Killarney.
Source: NewstalkFM - 🏆 19. / 55 Read more »

Investment of €104m in four Science Foundation Ireland centres to be announcedMoney will fund 600-plus research roles in bioeconomy, agrifood, neurological disease and advanced manufacturing
Source: IrishTimes - 🏆 3. / 98 Read more »

ATU: ‘Building on strong tertiary engagement’Atlantic Technological University offers more than 600 undergraduate courses and more than 100 postgraduate courses
Source: IrishTimes - 🏆 3. / 98 Read more »

Peace of Mind on European Roads: Why European Breakdown Cover is EssentialGet the best value car, home and travel insurance quotes from one of Ireland's top insurance brokers.
Source: aaroadwatch - 🏆 22. / 51 Read more »