{"id":149333,"date":"2025-08-16T02:02:14","date_gmt":"2025-08-16T02:02:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/149333\/"},"modified":"2025-08-16T02:02:14","modified_gmt":"2025-08-16T02:02:14","slug":"european-markets-fall-back-as-they-await-outcome-of-summit-on-ukraine-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/149333\/","title":{"rendered":"European markets fall back as they await outcome of summit on Ukraine \u2013 The Irish Times"},"content":{"rendered":"

European shares came off multi-month highs on Friday, as declines in heavyweight tech and financial shares offset gains from some corporate earnings. Meanwhile, investors monitored a crucial summit between US president Donald Trump and his Russian counterpart<\/a> Vladimir Putin over Ukraine.<\/p>\n

Investors hope the meeting could pave the way for a resolution of the Ukraine war, which has raged since February 2022.<\/p>\n

Dublin<\/p>\n

The Dublin<\/a> market ended the week on a positive note, closing up half a per cent. <\/p>\n

Financial stocks were mixed on the day, with AIB<\/a> and Bank of Ireland<\/a> both edging lower by almost half a per cent each, while Permanent TSB<\/a> was flat and insurer FBD gained 2.5 per cent to close at \u20ac14.35. <\/p>\n

Food groups Kerry and Glanbia were both marginally lower, with Kerry down 0.13 per cent and Glanbia shedding 0.14 per cent. <\/p>\n

Insulation specialist Kingspan ended the week 1.7 per cent higher. <\/p>\n

Travel stocks rose, with Ryanair up 1.7 per cent and closing the day at \u20ac26.75. Shares in ferries group Irish Continental gained 1.45 per cent, closing the week at \u20ac5.60. <\/p>\n

London<\/p>\n

The FTSE<\/a> 100 fell back after hitting a new all-time high to close lower on Friday. This was amid caution ahead of the US-Russia peace summit, hints of more tariffs and weak US consumer sentiment.<\/p>\n

The index closed down 38.34 points, 0.4 per cent, at 9,138.90. It had earlier reached an all-time intra-day high of 9,222.07.<\/p>\n

The FTSE 250 ended down 43.43 points, 0.2 per cent, at 21,758.24, and the AIM All-Share finished 0.86 of a point higher, 0.1 per cent, at 759.80.<\/p>\n

On the FTSE 100, mining stocks rose despite weak data from China.<\/p>\n

Anglo American rose 2.1 per cent, Glencore climbed 1.8 per cent and Antofagasta 1.2 per cent on hopes the soft figures will spark action from Chinese authorities.<\/p>\n

On a quiet day for company news, Associated British Foods ended up 0.2 per cent after confirming the acquisition of Hovis Group from private equity firm Endless.<\/p>\n

AB Foods plans to combine Hovis with its existing Allied Bakeries division to create a \u201cprofitable UK bread business that is sustainable over the long term\u201d.<\/p>\n

Europe<\/p>\n

The pan-European STOXX 600 index closed 0.1 per cent lower, after hitting a near five-month high earlier in the session.<\/p>\n

Aerospace and defence stocks fell 0.8 per cent ahead of the US-Russia summit on Ukraine. <\/p>\n

Technology stocks fell 0.6 per cent, weighing on the STOXX 600 index. ASML, the world\u2019s biggest supplier of computer chip-making equipment, fell 1 per cent after US peer Applied Materials lowered its fourth-quarter earnings forecast due to weak demand in China and impacts from tariff uncertainty.<\/p>\n

The Dutch firm had issued a similar warning in mid-July, saying it might not achieve its 2026 growth forecast. Chip stocks BE Semiconductor and ASMI dropped 3.3 per cent and 2.8 per cent, respectively.<\/p>\n

Healthcare shares, which have taken a beating this year from uncertainty around Trump\u2019s pharma tariffs, were on track for a recovery.<\/p>\n

The healthcare index logged its seventh consecutive session of gains, its longest streak since late January.<\/p>\n

Regional bourses were mixed, with Germany\u2019s DAX and the UK\u2019s FTSE declining, while France\u2019s CAC and Spain\u2019s IBEX posted gains.<\/p>\n

New York<\/p>\n

The Dow hit a record high earlier in the session, becoming the last of Wall Street\u2019s main indexes to soar to a new peak. Benchmark S&P 500 and the Nasdaq were losing ground, dragged down by technology, utilities and financials stocks. The Dow Jones Industrial Average rose 0.09 per cent, the S&P 500 fell 0.25 per cent and the Nasdaq Composite fell 0.36 per cent.<\/p>\n

Shares in Intel <\/a>jumped more than 2 per cent by lunchtime on Friday, following a 7 per cent bounce the previous day, after reports that the Trump administration had discussed an unusual move to acquire an ownership stake as part of a plan to revive the troubled US chipmaker.<\/p>\n

Shares of UnitedHealth Group surged more than 13 per cent on Friday after billionaire Warren Buffett\u2019s Berkshire Hathaway bought five-million shares of the company, providing a shot in the arm for investors who think the health conglomerate will turn around under its new CEO. – Additional reporting: Reuters, PA <\/p>\n","protected":false},"excerpt":{"rendered":"European shares came off multi-month highs on Friday, as declines in heavyweight tech and financial shares offset gains…\n","protected":false},"author":3,"featured_media":149334,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[87901,87902,64,87903,87904,135,29513,67,132,68],"class_list":{"0":"post-149333","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-aib","9":"tag-bank-of-ireland","10":"tag-business","11":"tag-glanbia","12":"tag-kingspan","13":"tag-markets","14":"tag-ryanair","15":"tag-united-states","16":"tag-unitedstates","17":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115035985940100853","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/149333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=149333"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/149333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/149334"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=149333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=149333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=149333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}