European markets remain nervy

European markets were markedly nervy yesterday as Asian and US peers closed lower post trading on Monday.

Investors remain cautious leading to some profit taking ahead of today’s German Supreme Court decision and Dutch election results. The US FED is also due to announce further action tomorrow. The Iseq index slipped 13.79 points to 3,249.50.

Irish financials were mixed on the day despite the NTMA announcing that it will auction a second 500 million tranche of three month Treasury stock later this week. AIB shed 0.1c to 5.2c, while Bank of Ireland and Permanent TSB Group both made headway. The former gained 0.3c, to edge towards the 10c mark, finishing at 9.8c, while the latter added 0.1c to close at 2.5c.

Construction stocks were broadly positive on the day. CRH closed unchanged at 15.10 while Grafton Group tacked on 4.4c to 3.394 and Kingspan moved on 2.5c to 7.98.