European shares dip amid worry over surging Covid-19 cases in China

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Iseq index advances 0.2 per cent to 7,236.99, buoyed by building materials company CRH, with banks also a bright spot via IrishTimesBiz

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, with significant dollar revenues, gained between 1.1 per cent and 1.8 per cent as the pound fell., led by Irish banker David Duffy, jumped 14.9 per cent, topping the mid-caps, after the lender reported a 43 per cent increase in full-year profit as Bank of England rate hikes lifted its finances in advance of a likely prolonged economic downturn., slipped 1.4 per cent after its underlying operating margin expectations for full-year 2023 fell short of market expectations.

Italy’s FTSE MIB index slid 1.3 per cent in advance of the approval of Italian prime minister Giorgia Meloni’s first budget by her cabinet.Wall Street’s main indexes were lower in early afternoon trading as investors mulled rising Covid-19 cases in China, though gains in Disney helped ease pressure on the S&P 500.

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