Market analysts spoil recovery party

RED numbers littered bourses right across Europe yesterday, as analysts warned that last week’s surprise news that Germany and France had returned to positive growth in the second quarter of the year may not signal the end of the current economic crisis.

The ISEQ index mirrored its European counterparts by dropping 80.61 points to finish the session at 2870.44.

The Irish financials were prominent amongst the lagging movers on the day with AIB falling 16.7c to 2.063 as the news of a potential third party investment subsided.