Markets slip ahead of Federal Reserve’s interest rate decision via IrishTimesBiz
Bank of Ireland managed a gain, however, nudging up 0.3 per cent to €7.51, while Kerry Group added 1.1 per cent to €88.16 and Flutter Entertainment was one of the better performers on the day, climbing almost 1.6 per cent to €136.75.The FTSE 100 index also slipped 0.6 per cent, weighed down by cyclical sectors and shares of British American Tobacco. The tobacco giant tumbled 5.5 per cent after analysts at Goldman Sachs downgraded the stock to “neutral”.
Aston Martin slumped 15.3 per cent after the luxury carmaker cut its annual deliveries and margin forecasts, blaming global supply chain issues. Next rose 1.6 per cent after the clothing retailer stuck to its earlier guidance.The pan-European Stoxx 600 index slipped 0.3 per cent to snap a three-day winning run that took it to near seven-week highs. Personal and household goods, mining stocks and technology sectors in Europe were among the worst hit, down between 1.3 per cent and 1.8 per cent.
Among other stocks, Maersk slid 5.8 per cent as the Danish shipping group warned of slowing demand for transport and logistics and cut its forecast for container demand this year.
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