Global stocks dipped on Tuesday after five straight sessions of gains while the dollar touched its highest level in more than four months as investors gauged the impact of US president-elect Donald Trump’s likely policies on growth and inflation.
US stocks have rallied since the election, with each of Wall Street’s three major indexes closing at record levels on Monday.was the market springer in Dublin, rising 4 per cent to €91.30 after the company announced it had agreed to sell its dairy processing division in two stages to its main shareholder, Kerry Co-op, in a deal worth €500 million.
“The stock market rally is on pause on Tuesday,” said Kathleen Brooks, research director at XTB. “There have been some chunky losses for European stocks, and even US stocks have seen their gains slow.”however had a strong session after the firm told investors it is plotting to break up the group to focus solely on its energy division.
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