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Tuesday 31 January 2023 Dublin: 6°C

# Markets

Last year
2022
Voices
Analysis: This year was a financial rollercoaster - what will 2023 bring for your money?
Financial advisor Ralph Benson looks at the highs and lows of the economy this year and asks if the future is brighter.
# Markets
Pound rallies in ‘damning’ market reaction to Truss resignation
The pound has suffered a tumultuous past two months sparked by Truss’s chancellor announcing a mini-budget
# Kwasi Kwarteng
UK Government to push on with tax cuts as pound hits all-time low against dollar
Neither Chancellor Kwasi Kwarteng nor Liz Truss are currently expected to publicly address the major market shift.
All time
# rug pull
Over $2m disappears after unofficial 'Squid Game' cryptocurrency plummets in value
The massive withdrawal caused SQUID to become virtually worthless, bearing the signs of a scam nicknamed the “rug pull”.
# Competition
EU launches 'in-depth' probe of Google's bid for Fitbit
There is concern that acquiring Fitbit’s user data will strengthen Google’s position in targeted advertising.
# Closed
Dublin City Council is 'exploring' new sites for the Dublin Flea Christmas Market
Organisers said that no location could be found to host the market.
# Tension
'We want a level playing pitch': Retail groups take aim at pop-up markets
But one major operator says bricks-and-mortar firms are simply ‘unable to take competition’.
# hold on to your hats
Wall Street, we have a correction: The Dow Jones is plummeting again
The market has fallen 10% since its all-time high two weeks ago.
# In the market
4 events for... market lovers in search of a bargain
Farmers markets, flea markets and more.
# henry street
'It can cost lives': Garda concern about counterfeit toys at Christmas markets
Many of these toys have not been through the proper safety tests.
# Stability
Here's how Trump's victory affected the dollar
One market analyst described it as “a bloodbath”.
# Markets
Markets wobble as Trump surges in polls
Early confidence across trading floors was wiped out as investors consider the prospect of a win for the real estate mogul.
# Markets
Electricity and gas bills are getting cheaper for 650,000 households
This announcement by Bord Gåis Energy marks their third price cut since February 2015.
# Taking a pounding
The pound is taking a battering as Brexit fears set in
“Just when you thought it was safe to go back in the water”.
# money issues
Over €360m wiped off value of Irish taxpayers' stake in banks after Brexit vote
The Irish state has a large stake in several banks which saw their share prices dive this morning.
# fora
Journal Media launches brand new business site
Fora will help SMEs and startups access information, support and quality journalism.
# Aftershock
US markets opened the new year with their worst first day performance since the dark days of 2008
The struggles of China’s stock markets are causing shocks felt around the world.
# flea markets
Dublin is getting two innovative new flea markets this weekend
A kilo sale and a rave market, all on your doorstep.
Voices
The next general election? You should trust the bookies a lot more than the opinion polls...
The polls got things badly wrong prior to the UK general election, and this is a trend that’s set to continue argues John Byrne.
# cutting your cloth
Take 4: Homes for every budget
Here is our pick of properties from €250k up to €1 million.
# Murder
Man arrested over shooting of ex-IRA commander Jock Davison
A property in Belfast was also searched as part of the investigation into Davison’s shooting yesterday.
# Road Trip
Thanks to falling oil prices, this is how much cheaper it is to get from A to B
You’re saving cash, but not as much as you might have expected.
# Tough Love
Unsustainable oil prices? OPEC won't continue to step in to protect a certain price
Yesterday the price of oil hit a six year low, but the UAE says they can’t under any circumstances be the only party responsible.
# fill it up
Explainer: Oil prices have dipped below $50 a barrel. But Ireland could be a winner...
Here’s why falling oil prices matter.
# Food Fight
Market traders dismiss criticism from local businesses as 'begrudgery'
Des Vallely, the co-director of Irish Village Markets, said that restaurants should focus on the quality and price of their produce, rather than ‘giving out’ about competitors.
# US Economy
US economy suffers sharpest contraction in five years
Severe weather, weak consumer spending growth and higher imports all played a role, according to US Commerce Dept.
# Greece
Booby-trapped car explodes outside bank in Athens
The explosion came as Greece prepared to return to bond markets. No one was injured in the incident.
# gone rogue
He's walking 1400km from Rome to Paris but this €4.9bn rogue trader will be jailed
His walk is a “personal journey” aimed at bringing the message of Pope Francis’s November attack of the “tyranny” of financial markets.
# allocated seating
€35 million loss for Ryanair with falling fares but rising passenger numbers
The airline says that the fall is “in line with previous guidance”.
# Bord Bia
Value of Irish food and drink exports nearly €10 billion in 2013
Exports for dairy products and ingredients brought in the most money, followed by beef exports.
# Funding
NTMA reaffirms aim to raise as much as €10bn from markets this year
The National Treasury Management Agency published its review of 2013 this afternoon, and details a number of
# Markets
European stocks rise to cap a bumper 2013 for traders
Stocks have been boosted this year by the upbeat global economic outlook, low interest rates and central bank stimulus policies.
# Downgrade
Moody's downgrades Bank of Ireland's deposit ratings
The investment service said the results of the stress test that will be undertaken by the ECB next year are “difficult to anticipate”.
# Irish Beef
Japan ends 12-year-ban and reopens its market to Irish beef
But all is not well in the beef sector, warns the ICSA.
# counting down
So what's happening in LIMERICK in the run up to Christmas?
What treats are on offer in the Treaty City? Here’s the lowdown…
# Recovery
Labour market shows recovery, but GDP is revised downwards
A new report says that Ireland is showing “green shoots” of recovery, in the jobs market at least.
# Markets
Two Irish banks raise funds in transactions not seen for several years
Both transactions, made by Allied Irish Bank and Permanent TSB, were met with strong demand.
# Money Money Money
China now the biggest market for Bitcoin trading
The entire market value is now worth €4.15 billion after a surge in trading earlier this week.
# Credit Rating
NTMA: 'Moody's rating of Ireland is side-lining Asian investors'
The head of the NTMA John Corrigan said Ireland will need to engage with the markets in 2014 to pre-fund for the following year.
# Economy
Noonan wants Budget to give “markets confidence”
With the country required to cut the national deficit to 5.1 per cent of GDP, Michael Noonan says that it is “important to be beat that target”.