Markets close negatively as G20 summit leaves investors disappointed

MOST international exchanges closed the week in negative territory, as investors were put off by lack of action at the G20 summit in Cannes, poor employment figures in the US and worrying manufacturing data from Germany.

Dublin’s ISEQ index slipped by just under 1% — the likes of DCC, Aryzta, Origin Enterprises, Ryanair and Aer Lingus among the losers; while CPL Resources, C&C, Kerry Group, Paddy Power and Tullow Oil were among the biggest climbers.

A rollercoaster week for global equity markets — what with unexpected ECB interest rate cuts, the constantly changing Greek question and varying economic outlooks from the US — hit another couple of dips as the G20 meeting failed to agree on an increase to the resources of the International Monetary Fund (IMF) and poor manufacturing data from Germany raised concerns over the long-term well-being of the eurozone.