Slow growth figures unnerve markets

SLOW growth figures out of the US and pretty poor economic data out of Germany unnerved markets somewhat yesterday and all of them were hit, with the exception of the Nasdaq.

Trading was thin but the low economic growth figure from the US and continuing weak jobless figures did enough to push most indices lower during the course of the day.

The ISEQ Index in Dublin was down 1% while in the UK the FTSE was off 1.5% which was, over £30 billion in value gone in a single day’s trading.