Markets down across Europe

Red numbers lit up screen across all major European bourses yesterday as stocks fell further.

Spain’s IBEX was the only notable exception. Irish shares fell 19.87 points to 3,038.10.

Banks stocks were mixed with both AIB and Bank of Ireland losing ground. They dropped 0.1c to 6.7c and 9.3c. Permanent TSB Group bucked this trend by gaining 0.1c or 4% to 2.6c.

The construction sector was broadly negative with all three major constituents being laggards. CRH gave up 48.5c to €13.67. Grafton Group and Kingspan moved 5c and 12c lower to €2.64 and €6.38.

Elsewhere, Aer Lingus improved 1.8c at €1.06 with Ryanair adding 6.2c to €4.08. Paddy Power dropped 24c to €51.56 and paper and packaging company Smurfit Kappa lost 16.4c to €5.