Unstable market causes ISEQ to falter

The ISEQ-index of Irish shares was down by 3.54 points this morning to 6493.33, as markets across Europe reacted positively to the US Federal Reserve’s shock cut in interest rates.

The financials all took a hit, with AIB leading the way falling 51c to €14.36. Bank of Ireland was also in negative territory, down 19c to €9.26. Irish Life and Permanent followed suit, down 20c to €10.50 and Anglo Irish Bank fell 5c to €8.96.