Saturday 7 December 2019

Global tensions keep lid on market gains

EUROPEAN stocks were little changed by mid afternoon yesterday, paring earlier gains.

By mid afternoon in Dublin, the ISEQ Overall Index was up fractionally to 4732.19.

The leaders included speciality baker Aryzta, which was up 1.8pc to €72.19, while Glanbia rose 1.2pc to €11.87

On the other side of the board, Ryanair was down 1.2pc to €6.87 while Kingspan fell 0.2pc to €12.49.

Elsewhere, European stocks were little changed, giving up earlier gains, as investors contrast earnings from companies including Akzo Nobel and GlaxoSmithKline with ongoing geo political fears prompted by the situations 
in both Ukraine and Palestine.

The Stoxx 600 gained less than 0.1pc at 3:17 p.m. in London, after earlier rising as much as 0.4pc.

You've had some very good earnings released so far," said Peter Garnry, head of equity strategy at Saxo Bank in Hellerup, Denmark.

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