Bull market shrugs off talk of cool
UK and US markets opened higher after respective spring bank holiday and memorial day holidays. The US consumer confidence index climbed to a five-year high of 76.2 for May, up from 69.0 in April ahead of consensus in the low 70s. The Iseq was ahead but lagged its peers in terms of percentage gains with a gain of around 26 points to a 4105.8 close.
Financials continued to be an out-performing sector and this was reflected by gains for Bank of Ireland moving 0.1c, or 0.5%, to 19.4c. Permanent TSB Group and AIB remained flat at 3.5c and 6.9c respectively.
