ISEQ unmoved ahead of US jobs report

THE ISEQ was largely unmoved yesterday, technically falling marginally by 0.6%, or just over 17 points, to 3,070 points, broadly in line with its European counterparts ahead of US job data likely to illustrate the true health of the world’s leading economy.

It is hoped the latest US employment report – due later today – will signal a strengthening in the country’s economic recovery.

Certainly, it seemed that European markets were holding their collective breaths yesterday – London’s FTSE was down slightly by three points to 5,527; the DAX in Frankfurt, down 15 at 6,034, and Paris’ CAC up seven at just over 4,000 points.