Markets boosted by reports

The ISEQ index started the week on a good note yesterday, gaining 10.93 points to close at 3,275.44.

Economic data from Europe contributed to the surprise boost in market sentiment, with a stronger-than-expected German IFO survey and an Italian consumer confidence survey that came in ahead of consensus.

In the US, Federal Reserve chairman Ben Bernanke suggested the Federal Reserve would continue to support monetary policies even as the unemployment rate improves.

In the financial sector, Bank of Ireland added 0.2c to 13.2c. AIB was unchanged at 9.5c, while Irish Life & Permanent slipped 0.4c to 4.5c. Insurance group FBD Holdings was 19c better at €9.20.


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