3/15 1.00pm – The Irish government will release the first annual stock market update today.
It will show the number of shares listed and the number traded, along with a look at the market’s sentiment and direction.
A full report will be published by the end of the day, but the official opening will be at 1pm.
There are two main parts to the report: the first will look at stock markets across Europe.
There will be some interesting news, but no real surprises, and the second will cover the European Central Bank’s plans to boost growth.
The main indicators will be the number and price of Irish companies listed, and their share prices.
The latest data on share prices will be released today.
Source: Reuters 2/15 12.00am – The latest Irish stock market numbers.
The market closed at 1:43pm.
This is the lowest number for the week since the Brexit referendum, and also the lowest since September 2016.
3/16 1.30pm – Today is the official trading start of the Irish market.
The Irish Stock Exchange (ISX) will open for trading, with the opening bell ringing at 1.5pm.
It is the first time ISX will open with no opening bell since 2013.
The markets have remained closed to coincide with the start of trading.
However, ISX has said the opening day will be a “tremendous success”, which will mean “tens of thousands of investors will have a chance to trade before the opening bells”.
The ISX is the UK’s main stock exchange.
It opened last year, but was suspended in June when the UK Government announced a “pause” in the Brexit negotiations.
Ireland will also have its own stock exchange this year.
The European Central Pay Commission said the ISX would open this week, and that it would be open to all EU citizens.
It said that all ISX customers, regardless of their citizenship, would have the opportunity to trade on the market.
Source:”Reuters” 4/16 2.00, 3.00 and 4.00 – The stock market has now closed, with a record of 31,932 shares traded.
That is a 17 per cent increase on the previous day, when the market was down to a record low of 31.6 per cent.
The most notable news in the last 24 hours has been the news that the British Government is to cut its deficit to 1 per cent of GDP in the next four years.
That will mean that the country’s deficit is now projected to fall to 1.3 per cent by 2021.
It also means that the UK is forecast to achieve its EU-wide debt reduction target, which is a key priority for the government.
The IMF expects the deficit to fall from 1.9 per cent in 2021 to 1-1.5 per cent next year, and 2.5-3 per.cent in 2027.
5/16 5.00 pm – There are reports that the Irish Government is now considering selling off a number of Irish assets in order to raise money.
The government has said that it is “considering a number” of assets, including the Royal Bank of Scotland (RBS), Bank of Ireland, State Bank of India (SBI), Ulster Bank, and Bank of England.
6/16 7.00-9.00 am – The Bank of Europe has said it will raise its benchmark interest rate by 2 percentage points to a range of 4-4.5 percentage points from its previous target of 2.0 per cent on Wednesday, as the Irish economy begins to recover from the shock of Brexit.
This would be a boost to the Irish currency, which has been battered by the devaluation of sterling since the beginning of the year.
However the bank has warned that the impact of the hike on financial markets is “not yet clear”.
The ECB has also cut its benchmark lending rate to a low of 0.75 per cent, and has indicated it will continue to cut the rate as long as the economy is not expected to slow significantly.
7/16 8.00 a.m.
– The first official figures from the EU show that Ireland is now the most indebted country in the EU.
According to Eurostat, the EU’s statistical office, Ireland has a total of 8,890,000 public sector debt, representing 21.4 per cent share of GDP.
Ireland has the highest level of public sector borrowing in the European Union at 80 per cent while the second highest is Luxembourg with 62 per cent debt.
Ireland’s share of total EU debt is expected to fall further, to 21.2 per cent from 20.3 in 2020.
This means that Ireland will now be the third most indebted EU member state, behind Portugal and Spain.
8/16 9.00a.m – The British Government has confirmed that it will hold a vote on its future relationship with the EU in March, but it has given no date for the decision.