Markets fall across Europe

Markets across Europe were down yesterday.

Comments from the IMF may have been a factor in this stating that the world economic outlook has worsened over the past three months and that growth will stay flat this year. The IMF also said that the downgraded forecast excludes Japan and that while the US is also downgraded it is expected to outperform most other developed countries.

The Iseq followed the European trend closing down 14.59 points to 3,844.98.

Irish financials saw no overall movements with the exception of Bank of Ireland which gained 0.7 and closed at 16.4c. AIB remained at 6.7c and Permanent TSB Group closed at 3.6c. Insurer FBD Holdings was also flat on €12.50.