Market losses in line with peers

THE Irish market lost 12.81 points yesterday to close at 3,098.04 points, in line with the downward trend of the main global bourses.

In the US, consumer prices rose more slowly than expected in December from November pointing to subdued inflation pressures that should permit the Federal Reserve to keep interest rates low for the foreseeable future.

In the financial sector, AIB dipped 1c to €1.48, Bank of Ireland gained 2c to €1.52, Irish Life & Permanent increased 3c to €3.93, while insurance group FBD Holdings added 6c to €6.96.