Markets fall on possible Fed news

Markets across Europe declined further yesterday as investors awaited news from the Federal Reserve regarding the possible easing of stimulus sooner rather than later. The Iseq Index fell sharply by 96.62 points to 4,405.98.

In the financial sector, the Central Bank balance sheet assessment shows it does not need to raise any capital.

However, it outlines likely higher provision requirements. Shares in the bank dropped by 0.8c to 26.9c. Separately, AIB and Permanent TSB indicated that they are sufficiently capitalised. The former lost 0.6c to 12.2c while the latter was unchanged at 4.6c. In construction, CRH fell by 74c to €17.855, while Kingspan was also a laggard dropping 45c to €12.02. Drinks company C&C was 7.7c adrift at €4.368.