Market falls in line with peers

The ISEQ index retreated a further 16.78 points yesterday to close at 3,101.84, in line with other European and world markets.

Stocks fell as EU finance ministers refused to sign off on a new Greek bailout until the country’s parliament approves tough new austerity measures.

Investor confidence fell because a disorderly default has the potential to rock equity markets by casting doubts on the situation of other debt-laden countries in the European periphery, such as Portugal, Italy and Spain.