Irish shares join sell-off on fears for higher for longer interest rates

'Signs of fear are everywhere,' said Chris Beauchamp, chief market analyst at IG

Federal Reserve chair Jerome Powell.

Irish shares joined in a sell-off across Europe as markets again worried that central banks would respond to entrenched inflation by keeping interest rates higher for longer.

The Stoxx-600 index of leading shares across Europe fell back in the session. Shares in Irish companies which generate a significant part of their earnings from overseas markets fell: Construction materials maker Kingspan slid 3%, while Ryanair and Irish Ferries-owner ICG both close lower by 1%.