Shares flirt with 13-month high in listless trade via IrishTimesBiz
both gained, by 0.2 per cent and 1.2 per cent respectively, in otherwise quiet day’s trading. Retail banks have have profited from low-paying current accounts. In contrast, Permanent TSB fell almost 2 per cent to €2.09.shares appreciated in value marginally despite having to cancel hundreds of flights to popular holiday destinations in France and Spain due to French air traffic control strikes. Home builder Cairn Homes rose by 2.4 per cent to €1.10.
“The Chinese trade data is the latest indicator that tells you there’s nothing good going on in global demand,” eToro’s Laidler said. “There’s a huge gulf in the global economy between services and manufacturing. This is a warning sign that global growth will slow from here. The question is how much,” Laidler added.After an uneventful day which saw the FTSE 100 stray no further than 25 points from where it started, the index closed down on Wednesday.
There was also fairly little change on international markets. As traders were preparing to shut up for the day in London the S&P 500 in New York was down just 0.1 per cent, while the Dow Jones was trading flat. , which rose 1.1 per cent and 1.8 per cent, respectively. More than half of the S&P sub-sectors declined, led by communication services that lost 1.4 per cent. Inflation data in the US is expected to show consumer prices cooled slightly on a month-over-month basis in May but core prices are likely to have remained elevated.
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