World markets record small decline

World markets were slightly off yesterday as the US re-opened after the Martin Luther King public holiday and swearing in of President Obama for his second term.

World markets record small decline

Europe’s main bourses followed the trend with Germany, London and Paris all giving up territory. Peripheral countries fared slightly better with Greek, Italian and Irish markets registering minor gains. The Iseq index added 9.60 points to 3,487.32.

Financials were relatively quiet compared to the larger percentage movements last week as the US earnings season focused more on technology companies. Bank of Ireland and AIB were laggards losing 0.1c and 0.2c to close at 14c and 8.6c. Permanent TSB Group bucked the trend by adding 0.1c or 2% to 4.7c.

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