Markets rally after Fed move

MARKETS rallied yesterday on the back of the latest attempts by the US Federal Reserve to trigger economic recovery.

Despite a positive start the ISEQ Index closed down 0.4%, while other markets across Europe had a good day.

AIB and Bank of Ireland jumped 13% and 14% to 59c and 40.7c respectively while Irish Life and Permanent followed suit increasing 20% to 90c.