Market rebounds strongly

THE Dublin market rebounded from yesterday’s losses to finish up 78.34 points at 5,998.93.

The main news of the day was comments by the head of the European Central Bank Jean Claude Trichet, who signalled that eurozone interest rates may have to be increased next month to counter inflation risks.

In the financial sector, the banks had another poor day with AIB down 6c to €12.34, Bank of Ireland fell 10c to €7.50, Anglo Irish Bank pushed on 17c to €7.86, while Irish Life and Permanent dipped 19c to €10.25.