European markets in decline

Markets fell across Europe yesterday as equities across most sectors turned lower.

US markets also opened weaker despite a strong overnight performance from the Nikkei.

A disappointing series of macro data from the US was the main catalyst for the sell-off, as investors consider whether a slowdown in the US economy is coming in the second and third quarters. The Iseq index fell below 4,000 points, losing 44.94 to close at 3,958.10.