Author: Sam Allcock

After temporarily shelving his tariff plans against Canada and Mexico, US President Donald Trump plans tariffs on Europe, setting the stage for a potential transatlantic trade war. In a statement on Monday evening, Mr Trump criticised the current US-EU trade balance, calling it an “atrocity” and claiming that Europe has “taken advantage” of the United States. He specifically pointed to the EU’s restrictions on US car and farm product imports while the US continues to accept a wide range of European goods. Tariffs “Definitely Happening” on EU Imports While phone calls between Mr Trump and leaders of Canada and Mexico…

European stock market trends saw a turnaround on Wednesday as shares reversed earlier declines, bolstered by a strong performance in the healthcare sector. Meanwhile, Wall Street remained under pressure, with weak tech stock performance and ongoing concerns over trade tensions affecting investor sentiment. Dublin Market Holds Steady with Airline Gains Ireland’s ISEQ index remained flat, stabilising after a 1.1% gain the previous session. Banking stocks saw minimal movement, with AIB and Bank of Ireland closing at €5.72 and €9.54 per share, respectively. One of the notable gainers was Ryanair, which climbed nearly 1% to €20.50 per share. The airline reported…

Global financial markets faced turbulence on Friday as mounting trade war concerns, weak US jobs data, and inflation worries caused European stocks to slide. The European stock market downturn saw major indices closing lower, with auto stocks among the hardest hit. Irish Market Declines Amid Investor Anxiety In Dublin, the Irish stock index ended the week nearly 1% lower, reflecting the broader market unease. Bank of Ireland shares dropped by 1.6% to close at €9.69, while AIB managed a slight 0.5% gain, finishing at €5.93. Permanent TSB bucked the trend, rising 2.8% by the end of the trading session. Food…