Tuesday 16 July 2019

ISE shares data shifted to Euronext's Optiq as Smurfit Kappa completes €400m bond sale

 

Traders work on the floor of the New York Stock Exchange (NYSE). Photo: Reuters
Traders work on the floor of the New York Stock Exchange (NYSE). Photo: Reuters

Irish Stock Exchange owner Euronext has announced what it said was the successful migration of the 53 companies listed in Dublin to Euronext's trading platform, Optiq. The move completes the migration of equities from the Irish Stock Exchange to Euronext Dublin.

Information on the Irish shares and share indices is now carried online at euronext.com/listings/euronext-dublin instead of the old ise.ie.

On the markets themselves, Smurfit Kappa has completed issuance of €400m of senior bonds due in 2026, borrowing on the market at a yield to maturity of 2.456pc.

The US dollar gained for a third straight session against a basket of currencies and US Treasury yields rose on Monday as investors sought to zero in on the path of interest rates, while oil prices pulled back from two-month highs.

MSCI's gauge of stocks across the globe shed 0.11pc, but remained near two-month highs, as the pan-European STOXX 600 index lost 0.21pc, and Germany's DAX index fell 0.4pc.

European investors were also grappling with concerns about the eurozone economy and Britain's plan to leave the European Union.

The euro was down 0.2pc to $1.1431 against the dollar.

US benchmark S&P 500 equity index opened little changed yesterday.

Investors were parsing the significance for financial markets from Friday's strong jobs report, which came on the heels of the Federal Reserve saying it would be patient on future rate hikes, amid a cloudy outlook for the US economy.

Irish Independent

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