Global stocks fall on fears of higher interest rates for longer

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 98%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Irish agri-services group Origin Enterprises rose 3.5 per cent in Dublin after it said revenue rose last year

Among the food names, Glanbia came under some pressure throughout the day before finishing down 1.4 per cent. Dairy giant Kerry Group, meanwhile, closed up 0.6 per cent.

The group said UK sales tumbled 16 per cent in its final quarter, with poor weather compounding woes amid a worsening UK clothing market. Shares in Asos finished down 5.8p at 381p on Tuesday. Elsewhere, Videndum shares tumbled heavily after it told investors its revenues dropped almost a quarter over the first half of the year after it was knocked by the writers and actors strikes in Hollywood.

The pan-European Stoxx 600 index lost 0.56 per cent and MSCI’s gauge of stocks across the globe shed 1.01 per cent.Wall Street’s main indexes dropped as investors continued to grapple with the prospects of a prolonged restrictive monetary policy by the Federal Reserve and its subsequent impact on the economy.and Tesla lost between 0.8 per cent and 1.2 per cent.

 

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

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Origin Enterprises to close its Ukraine businessInternational agri-services group Origin Enterprises has reported higher revenues for the year to the end of July as it announced the 'difficult' decision to close its Ukraine business at the end of this month.
Source: RTEbusiness - 🏆 16. / 61 Read more »

Origin Enterprises closes loss-making Ukraine business as full-year profits fall sharplyThe Dublin-listed agri-services group reported a double-digit fall in profits for its 2023 financial year to the end of July
Source: businessposthq - 🏆 8. / 71 Read more »

Few gains on Irish stock market as index weighed down by Flutter lossesIt was a weak day on the Irish stock market on Monday, as the ISEQ Index underperformed compared to EU peers.
Source: IrishTimes - 🏆 3. / 98 Read more »

Irish stock market exits are symptom of wider EU uneaseIrish people have a rich history of looking to the US for a better life.
Source: RTEbusiness - 🏆 16. / 61 Read more »