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Markets Live News: Temu’s Irish turnover reaches €700m; Unemployment rate creeps up; Iseq rebounds
The company’s principal activities are the provision of transaction-related services through the Temu e-commerce platform, and the provision of corporate support services to other affiliates, according to the accounts.11.10 - Unemployment rate creeps up to 4.7% The unemployment rate last month crept up to 4.7 per cent, from 4.5 the month before, according to the latest figures from the Central Statistics Office. This was a further rise from the 4.3 per cent figure in July last year.
The platform, initially launched in Spain and France in April, allowed users to earn points while performing tasks such as watching videos, liking content, following creators, and inviting friends to join the platform. 10.30 Iseq continues in the green, while Dax and Cac 40 see small drop Irish banks are back in the green on the Iseq All Share, after some drops yesterday during the global market rout.The Iseq All Share has continued its slow but gradual recovery, it is currently up 0.4 per cent - a smaller gain compared to 1.54 per cent earlier.
According to the complaint, Mr. Altmnan and others named in the suit “intentionally courted and deceived Musk, preying on Musk's humanitarian concern about the existential dangers posed by artificial intelligence”.09.00 Service sector growth slows slightly in July Growth in the service sector slowed slightly for the second month in a row in July, despite increases in new business and employment figures, as well as an improved outlook on the year ahead, according to a new survey.
In Germany, the Dax edged 0.6 per cent higher to 17,437.48 while the FTSE opened up 0.45 per cent as a degree of calm settled on markets, at least initially. Cathal Friel recently told Eoin O’Hare of his plans to focus attention on EGT after selling his stake in Hvivo. Read Ian Guider’s recent column on Euronext Dublin here: Ian Guider: Euronext’s plans are last throw of the dice for fading Irish stock exchange
07.35 Australian central bank expected to hold monetary policy, interest rates The Reserve Bank of Australia , the country’s central bank, has said it will hold its interest rate at 4.35 per cent and signalled a stay in its monetary policy, according to the FT. Today is expected to see gains across the European stock markets. the UK’s FTSE index is predicted to open 53 points higher at 8,049, Germany’s DAX to be up 122 points at 17,436, France’s CAC 40 up 48 points to 7,180 and Italy’s FTSE MIB 170 points higher at 31,615.
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