Global markets were muted on Thursday as investors digested a second day of government shutdown in the United States.<\/p>\n
Dublin<\/b><\/p>\n
Euronext Dublin finished the day up 0.35 per cent as it outperformed international peers.<\/p>\n
Among the financial names, there were mixed fortunes for the banks as AIB slipped 0.1 per cent, while Bank of Ireland was a standout performer, climbing 1.6 per cent.<\/p>\n
The index was also boosted by strong showings from food giant Kerry Group and Cavan-based insulation specialist Kingspan, which finished the day up 1.7 per cent and 2 per cent respectively.<\/p>\n
Ryanair was flat on the day despite a planning decision that raised hopes airlines could add up to 5,000 more flights at Dublin Airport next summer.<\/p>\n
London<\/b><\/p>\n
The FTSE 100 closed down 0.2 per cent despite strong gains by Tesco but remained in touching distance of Wednesday\u2019s record highs.<\/p>\n
Investors in Tesco received a double dose of good news with better-than-expected first-half trading and a report suggesting that UK retailers are set to escape the top business rate tax band.<\/p>\n
Shares in the Welwyn Garden City-based food retailer climbed 5.3 per cent, the biggest riser on the FTSE 100.<\/p>\n
BT Group fell 2.5 per cent as Exane BNP cut the company to \u201cunderperform\u201d from \u201cneutral\u201d and lowered its price target for the telecommunications provider to 150p from 160p.<\/p>\n
Europe<\/b><\/p>\n
European stocks extended a record-breaking rally as investors ramped up wagers on Federal Reserve interest-rate cuts following downbeat economic data.<\/p>\n
The Stoxx 600 gained 0.5 per cent to close at a fresh record high. Autos and tech stocks led the gains, while real estate and banks were the biggest laggards. <\/p>\n
Among individual names, Siemens AG climbed 4.2 per cent after people familiar with the matter said the firm is exploring spinning off a large part of its majority stake in Siemens Healthineers AG.<\/p>\n
The Dutch AEX Index also hit its first record high since February, driven by gains in chip giant ASML Holding NV. <\/p>\n
Several UK retailer stocks climbed after the Financial Times reported that chancellor Rachel Reeves is set to remove them from the top band of business rates amid food inflation concerns.<\/p>\n
European stocks have entered the fourth quarter on a high note after being range-bound for the past few months. The Cac 40 in Paris finished up 1.1 per cent, while the Dax 40 in Frankfurt rose 1.3 per cent.<\/p>\n
New York<\/b><\/p>\n
The benchmark S&P 500 and the tech-heavy Nasdaq indexes retreated after hitting intraday record highs as investors locked in gains during a data-light stretch with the US government shutdown entering a second day.<\/p>\n
The swift pullback underscores how fragile market momentum remains, with stretched valuations and uncertainty about the Federal Reserve\u2019s lack of visibility into economic data keeping traders on edge.<\/p>\n
Tesla slipped nearly 2 per cent after initial gains on a strong quarterly deliveries report, as some analysts flagged risks to sales in the upcoming quarters.<\/p>\n
The S&P 500 healthcare sector also fell 0.4 per cent, on track to break its four-day streak of gains.<\/p>\n
The tech sector, up 0.3 per cent, was the biggest boost to the S&P 500. Nvidia rose 1 per cent, while Broadcom and Advanced Micro Devices were up 2 per cent and 3.2 per cent, respectively.<\/p>\n
The stocks catapulted the broader semiconductor index to a record high, and helped boost the Nasdaq. Consumer discretionary stocks fell 0.7 per cent and were the biggest drag on the S&P 500.<\/p>\n
Credit bureaus Equifax and TransUnion fell 9.2 per cent and 12 per cent, respectively, after FICO launched a program that could allow mortgage lenders get access to credit scores without relying on the bureaus. FICO surged 18.9 per cent to top the benchmark index.<\/p>\n
Occidental Petroleum said it would sell its petrochemical division to Warren Buffett\u2019s Berkshire Hathaway for $9.7 billion. Shares of the oil and gas producer fell 5.9 per cent. \u2013 Additional reporting: Agencies<\/p>\n","protected":false},"excerpt":{"rendered":"Global markets were muted on Thursday as investors digested a second day of government shutdown in the United…\n","protected":false},"author":2,"featured_media":468970,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[10782,112091,1339,49,978,659],"class_list":{"0":"post-468969","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-aib","9":"tag-bank-of-ireland","10":"tag-ryanair","11":"tag-united-states","12":"tag-us","13":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115305751781735578","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/468969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=468969"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/468969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/468970"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=468969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=468969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=468969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}