Markets up despite gloomy outlook

Markets across Europe recovered from Friday’s losses, despite economic data released which shows that confidence in the eurozone’s economy fell further in April.

The ECB is likely to cut its main interest rate on Thursday as a result. The Iseq Index mirrored the rest of Europe with a gain of 21.49 points to 3,882.84.

In the financial sector AIB and Bank of Ireland finished in positive territory, both advancing 2c on the day.

The former increased to 6.7c while the latter finished at 17c. Permanent TSB Group Holdings bucked the sector trend, dropping 0.1c to 3.5c.

In construction, CRH saw a rise of 36c to €16.72. Grafton Group was also a riser, climbing 13c to €5.28.

Kingspan strengthened by 6c to €9.06.