Iseq dips despite bailout loan hopes

World markets were flat to slightly behind yesterday, with positive vibes coming from good earnings figures on some of the world’s major food producers (Unilever) and pharmaceutical (Novartis) companies.

However, investors stayed in their seats awaiting the outcome of a key vote on the US debt ceiling.

In Dublin, shares traded fractionally down despite indications that EU leaders will extend Ireland’s bailout loan and this will not affect the country’s debt sustainability. The Iseq closed down 3.99 points to 3,483.33