Irish financial shares feel the pain

Eurozone markets saw mixed results yesterday after several days of negativity.

This comes on the back of talk that the ECB is considering a negative interest rates policy. US consumer spending increased more than expected in October. Consumer spending, which excludes cars, petrol and building materials, increased 0.5%. The ISEQ was among the winners yesterday, gaining 21.17 points, closing to 4,436.39.

Irish financials all closed in negative positions with AIB losing 0.1c to close to 11.7c; Bank of Ireland lost 0.5c closing to 26.3c and Permanent TSB lost 0.1c to finish at 4.3c. Irish Insurer FBD Holding gained 60.5c to close to €16.60.