Market falls in line with Europe

European shares continued to lose ground yesterday despite US markets opening higher.

US data showed retail sales rose by more than expected in February. The majority of European markets showed declines. The ISEQ followed this trend giving up 7.06 points to 3,858.63.

Irish financials had a varied day as the Irish sovereign continued it return to bond markets, issuing €5bn of 10-year bonds. AIB and Bank of Ireland were both in positive territory, the former adding 0.2c to 7.7c while the latter gained 0.2c 17c. Permanent TSB Group gave up some of the previous day’s gains, losing 0.3c to 4.2c.