😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

Irish shares lead Europe after May wins Brexit assurances

Published 2019/03/12, 10:49
Updated 2019/03/12, 10:50
© Reuters.  Irish shares lead Europe after May wins Brexit assurances
UK100
-
DE40
-
BARC
-
LLOY
-
NWG
-
SGOB
-
KCOGn
-
PSN
-
GFSl
-
TOD
-
VOWG_p
-
GEBN
-
STOXX
-
ISEQ
-
SPIE
-
ADYEN
-

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

LONDON, March 12 (Reuters) - Irish shares outperformed the rest of the euro zone on Tuesday after European Commission President Jean-Claude Juncker and UK Prime Minister Theresa May agreed a new Brexit withdrawal deal to cope with misgivings about the controversial Irish backstop.

Dublin's ISEQ .ISEQ climbed 0.8 percent, set for its biggest gain since March 1 and outdoing a 0.1 percent rise in the STOXX 600 .STOXX . The DAX .GDAXI rose 0.3 percent by 0825 GMT.

Britain's FTSE 100 .FTSE fell 0.7 percent as a surge in sterling weighed on the multinational exporters that dominate the index.

With earnings season nearing an end, results were down to just a trickle.

French engineering firm Spie SPIE.PA led gains, jumping 6.2 percent after reporting stronger-than-expected net income.

German carmaker Volkswagen VOWG_p.DE fell 0.2 percent after reporting a decline in operating margins for its core VW brand and announcing it would introduce almost 70 new electric models by 2028. defence company G4S (CO:G4S) fell 2.6 percent after its results, which traders said showed full-year revenues were weaker than expected. ADYEN.AS dropped 4.8 percent after pre-IPO investors sold 2.5 million shares at a 9 percent discount. in Swiss toilet and plumbing supplies maker Geberit GEBN.S fell 1.7 percent after the company said it saw a challenging 2019 because of Brexit and political uncertainty in Italy.

Construction materials group Saint-Gobain SGOB.PA got a boost from Barclays (LON:BARC) upgrading it to "overweight".

Among small-caps, German steel trader Kloeckner & Co KCOGn.DE climbed 7.1 percent after saying it expects higher sales and core earnings this year. shares in Italian luxury goods company Tod's TOD.MI fell 7 percent after it reported a 26 percent decline in profit as marketing costs rose. hopes boosted British housebuilder and bank shares, with Lloyds LLOY.L , RBS RBS.L and Persimmon PSN.L among the top European gainers.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.