Markets fall after Obama remarks

THE ISEQ index declined 7.93 points yesterday to finish at 3,036.94. Markets were very weak globally as they reacted to US President Barack Obama’s planned crackdown on big US banks and worries over China’s economy and increasing debts.

In the US on Thursday, shares suffered their worst one-day percentage drop since October as major banking stocks slid.

In the financial sector, AIB dipped 3c to €1.40, Bank of Ireland fell 2c to €1.43, while Irish Life & Permanent was 1c off at €3.48.