Global stocks struggle to extend gains ahead of key inflation data

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 98%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Euronext Dublin outperformed international peers as the index finished the day up 42 basis points

Traders work on the New York Stock Exchange. Wall Street’s main indexes fell ahead of key inflation data later this week that could provide clarity on the extent of the Federal Reserve’s expected interest rate cut, while a fall in the shares of big banks weighed on the markets.

It was a positive day for the food names as well, as Glanbia finished up 4.4 per cent. “They have been weak since publishing numbers the week before last, but rallied into the close,” a trader said. Its peer Kerry Group was up 1.3 per cent at close of business.‘Our elderly mum requires full-time care at home. How much will it cost us and is there any tax relief?’It was a strong day too for housebuilders with Cairn Homes up 5 per cent, while Glenveagh Properties was up 2 per cent.

Oil majors Shell and BP both dragged on the index after Brent crude oil prices sank to their lowest level since 2021. Shopping centre owner Capital & Regional was firmly in the red after a company which had been touted as a potential buyer said it was no longer interested. The pan-European Stoxx 600 index lost 0.54 per cent and MSCI’s gauge of stocks across the globe shed 0.08 per cent.Wall Street’s main indexes fell ahead of key inflation data later this week that could provide clarity on the extent of the Federal Reserve’s expected interest rate cut, while a fall in the shares of big banks weighed on the markets.

The iPhone maker also lost its fight against an order by EU competition regulators to pay €13 billion in back taxes to Ireland.

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 ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Global stocks hover near monthly high as investors eye Fed minutesEuronext Dublin slightly underperformed relative to international peers as it finished the day down 0.8%
Source: IrishTimes - 🏆 3. / 98 Read more »