Despite bracing for repercussions from the latest US tariff announcements, global markets showed modest gains. Euronext Dublin mirrored international trends, rising slightly. Bank of Ireland and Kingspan were notable performers, while Irish home builders faced a subdued day. The FTSE 100 reached a record closing high, fueled by Shell's strong performance, but copper miners declined due to tariff concerns. European airline stocks suffered their worst day in months amid a slowdown in bookings and rising fuel costs. Wall Street remained largely flat, with Apple and Coca-Cola leading gains.
Traders work on the floor at the New York Stock Exchange. Global markets inched higher on Tuesday even as investors braced for repercussions from the latest US tariff announcements.Euronext Dublin was largely in line with international peers as it finished the day up about 0.6 per cent.
There was better news for Cavan-based insulation specialist Kingspan, which finished the day up 1.3 per cent. Elsewhere, food giant Kerry Group was up 1 per cent at close of business.Britain’s FTSE 100 inched to a record closing high as gains in energy giant Shell overshadowed declines in heavyweight copper miners after US president Donald Trump’s tariff hikes sparked demand concerns.
Travel and leisure lost 2.5 per cent, the worst laggards among sectors as airline stocks fell. TUI flagged a slowdown in bookings, sinking its shares by 10.2 per cent. Wizz Air fell 1.2 per cent; EasyJet dropped 2.7 per cent; and International Airlines Group was down 1.7 per cent. A UBS Group basket of eight European airline stocks fell as much as 4.2 per cent, the steepest drop since August 1st.
Finance TARIFFS MARKET PERFORMANCE FTSE 100 EUROPEAN AIRLINES WALL STREET
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