Markets fall after ‘template’ quote

Markets across Europe fell yesterday.

Comments from Jeroen Dijsselbloem, the Dutch finance minister, suggested that the Cyprus bailout deal including a levy on large bank deposits could be used as the bailout template. That caused Italian and Spanish bank stocks to fall sharply. However, the Iseq managed to stay in positive figures, closing up 6.57 points to 3,932.11.

The financial sector was positive. AIB added 0.2c to finish on 7.3c and Permanent TSB Group gained 0.3c to 4c. Bank of Ireland traded flat on 16.2c. Meanwhile, insurer FBD Holdings fell 15 cent to €15.35.