Global markets slump on US data
US GDP has been reported to have contracted 0.1% in the fourth quarter of 2012 as super storm Sandy and the year-end budget battle in Washington over the fiscal cliff may have depressed growth. The Iseq index followed its peers lower, dropping 7.69 points to 3,548.32.
Financials were mixed to lower on the day as AIB and Bank of Ireland lost ground. Bank of Ireland was 0.1c worse at 14.3c while AIB lost about 20% or 1.6c to 6.2c. Permanent TSB Group finished flat at 4c. FBD Holdings was the only bright spot, adding 8.5c to €10.95.
