News Formal

Europe: Stocks inch higher on UK merger action

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

[BENGALURU] European stocks ground out a tiny gain on Monday, as a pair of big merger reports and a weak pound sent London's FTSE 100 higher, while defensive plays dominated other major markets ahead of Wednesday's US Federal Reserve policy decision. Read more at The Business Times.

European stocks ground out a tiny gain on Monday, as a pair of big merger reports and a weak pound sent London's FTSE 100 higher, while defensive plays dominated other major markets ahead of Wednesday's US Federal Reserve policy decision.

The exporter-heavy index also drew support from a slide in sterling on a perceived rise in the chances of Britain exiting the European Union without a deal under new Prime Minister Boris Johnson.Ireland's main stock index ISEQ, which has tended to fall on fears of a disorderly Brexit, skidded 0.9 per cent.

The Fed is widely predicted to cut rates by a 25 basis point for the first time in a decade on Wednesday, but investors will be watching its statement for clues on whether that is just the start of new cycle of easing by the US central bank.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Sterling tumbles on Brexit woes as London stocks soarLONDON: The pound fell to levels not seen in over two years on Monday (Jul 29) as a no-deal Brexit seemed ever more likely, while London stocks ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore stocks: STI resumes Monday afternoon down 0.7% at 3,341.22THE Singapore benchmark, like most of its regional peers, entered the afternoon session trading lower during a week where the US Federal Reserve is expected to announce a rate cut and US and Chinese officials are scheduled to meet for trade talks in Shanghai. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hong Kong: Stocks close down after more protests[HONG KONG] Hong Kong stocks closed lower Monday amid investor caution ahead of US-China trade talks and more civil unrest in the financial hub. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Tokyo: Stocks open lower[TOKYO] Tokyo stocks opened lower on Monday, shrugging off rallies on Wall Street as investors remained cautious amid corporate earnings season. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »