European markets in advance mode

European markets moved ahead yesterday as there was better-than-expected economic reports from the US.

This fact combined with a six-year high in German consumer confidence figures brought the region’s markets back into positive territory. Closer to home, house prices rose by 6% nationwide and almost 15% in Dublin. This shows more signs that the country is on the way to economic recovery. The Iseq gained 24.72 points to finish the day at 4,484.66.

Irish financials mirrored the market as all closed up, AIB was the largest gainer adding 0.6c 11.6c while Bank of Ireland and Permanent TSB added 0.1c to finish on 27.1c and 4.3c.