Market loses mid-week momentum

THE ISEQ index ended the week in negative territoryyesterday, with a drop of 10.53 points to close at 2,755.85.

Markets lost some of their earlier gains, as investors took profits from the previous day’s rally.

Italian bond yields remained disappointingly high after an auction yesterday morning. Spanish unemployment rose from 20.9% to 21.5%, its highest level since the end of 1996.