US investment firm Cantor Fitzgerald Ireland has struck an agreement to buy Merrion Capital, the broker with offices in Dublin and Cork. The deal, which is subject to Central Bank approval, comes after Irish brokers have faced continuing tough markets since the banking and property crash, despite the strong recovery of recent years.
Irish investors have been warned off from increasing their bets on overvalued Irish and global shares because the risks posed by President Donald Trump cutting US corporation taxes and by Brexit-driven choppy currency markets for Ireland’s economy are just too great.
Stock markets investors should avoid Europe-wide shares for the time being, Merion Capital has warned, though a very small handful of Irish companies, including Fyffes and Irish Residential Properties REIT, may offer some shelter from further storms ahead.
“LET’S keep the recovery going” was the general election slogan used by Fine Gael to emphasise the Government’s mastery of the economy and its competence in matters financial compared to administrations in other countries that had also suffered severely in the recession.