Inflation worries see Dublin market fall

THE Dublin market fell sharply yesterday as rising inflation concerns hit home in the US and Europe.

Declines on Wall Street overnight caused the ISEQ index to open weaker, which resulted in a 105.00 point loss to finish at 5,485.77.

The Irish banks had a torrid session ahead of today’s Irish Life and Permanent half-year trading statement, with the aforementioned losing 60c to €8.75. AIB and Bank of Ireland also lost substantial ground, shipping 45c and 42c respectively to close at €10.75 and €6.56. Anglo-Irish shed 17.9c to €6.995.