Markets hit by combination of events

Early sales, increasing speculation or an ECB interest rate cut and a weak euro saw most markets across the eurozone slip into red numbers yesterday.

However, most markets were only slightly off. The Iseq was no different to the rest of the continent closing on 3,858.22 down 24.62 points.

It was a mixed day for the financial stocks, as FBD holdings was the only bright light adding 6.5c to close on €12.33. Permanent TSB was flat on 3.5c while AIB and Bank of Ireland finished down, the former down 0.2c on 6.5c and the latter finished on 17c down 0.1c