ISEQ reacts well to euro debt talks

IRELAND’s ISEQ index proved to be one of the better performing European exchanges yesterday, asinternational markets showed a mixed reaction to Tuesday’s between Franco- German talks

Those talks — with their proposals for more consolidated eurozone governance, constitutional limits on member states’ budget deficits and taxes on financial transactions — did little to lift markets yesterday.

While they did not spark a mass sell-off, the lack of bounce evident from investors, on the back of the crisis talks, was more out of disappointment that they did not yield more adventurous proposals — although items such as eurozone bonds and an expansion of rescue funds were never likely to make the main agenda.