European markets show advance

European bourses were broadly higher yesterday after a bad start to the week.

Markets had been volatile in early trading. However, stronger-than-expected British manufacturing data acted as a catalyst to send markets higher. The Iseq index added 14.71 points to finish at 3,189.19.

Irish banks advanced as news from the EU finance ministers that the first tranche of support funding for Spanish banks could be made available by the end of July. AIB advanced 0.1c to finish at 5.8c. Bank of Ireland and Permanent TSB Group were also 0.1c better a piece to close at 9.4c and 2.4c.