AIB Home (IRE)   AIB Economics   AIB Home (GB) 

Saturday 30th May 2015 
email to a colleague

printer version
Product Description Product Description

Product Description
Cash Management Cash Management

Cash Mgt Services
Public/Private Sectors
2013 Historic Rates 2013 Historic Rates

Historic Average
FX Rates 2013
Let us know let us know

send us your feedback
RateSaver RateSaver

online historic fx and
interest rates
fx3 fx3

custom fx rates
directly to your mobile
fxcentre pro fxcentre pro

confirm and view deals
& payments online
European markets rise, Soc Gen reassures
Thursday, 3rd May 2012 08.55am

European stocks rose early today, reversing the previous day's losses as banks rallied after Societe Generale posted reassuring results, but gains were limited as investors braced for Spain's first bond auction since its most recent downgrade.

Investors also awaited the European Central Bank policy meeting, expected to keep interest rates on hold at 1 percent and resist calls to restart its bond-buying programme to ease pressure on Spanish debt.

At 0708 GMT, the FTSEurofirst 300 index of top European shares was up 0.6 percent at 1,049.52 points, with Societe Generale rising 3.8 percent.

"The Spanish and French debt auctions will be closely watched today," said Guillaume Dumans, derivatives trader and co-head of 2Bremans, a Paris-based research firm using behavioural finance to monitor investor sentiment.

"One thing to keep in mind is that U.S. stock indexes have very limited room on the upside, while our morning sentiment indicator has moved into the contrarian zone, signalling a lower close today in Europe." ( C) Reuters

More breaking news >
The above information has been taken from sources we believe to be reliable and trustworthy. However the accurateness and completeness thereof are not guaranteed and therefore should not be relied upon as such. AIB does not endorse or approve the content of any information from third party sites nor will it have any liability in connection with any third party site (including but not limited to liability arising out of any allegation that the content of or information on any third party site infringes any law or the rights of any person or entity)
  © Allied Irish Banks, p.l.c. 2003 AIB Customer Treasury Services is a registered business name of Allied Irish Banks, p.l.c.
Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Registered Office: Bankcentre, Ballsbridge, Dublin 4.
Registered in Ireland : Registered No. 024173.