Global stock indexes climb as AI chip firm Nvidia rebounds in US trading

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Euronext Dublin outperformed international peers as it finished the day up 79 basis points, boosted by Ryanair and AIB

Global stock indexes were mostly higher on Tuesday, with shares of AI chip firm Nvidia bouncing in early US trading.Euronext Dublin outperformed international peers as it finished the day up 79 basis points, boosted by investors in Ryanair and AIB.

Elsewhere, ferry company Irish Continental Group rose 1.8 per cent. Among the food names, Kerry Group was flat on the day, while Glanbia closed down 1 per cent.The FTSE 100 fell 34 points as weakness across some industrial and retail stocks pushed the index into the red. The FTSE 100 firm told shareholders on Tuesday it has acquired a further 17.5 per cent stake in Bluewater from Singapore’s GIC. The move has increased its ownership of the retail destination near Dartford to 66.25 per cent.The pan-European Stoxx 600 index lost 0.44 per cent, while the MSCI’s gauge of stocks across the globe gained 0.13 per cent.

Megacaps including Alphabet and Meta Platforms rose 2 per cent each, helping the S&P 500 communication services index gain 1.3 per cent. Technology led sectoral gains, up 1.5 per cent, recovering from a three-day slide.

 

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