Sharp drop in world stock markets

World stock markets moved sharply lower yesterday with major indices adding to weekly losses on the back of news that US April job gains came in at 115,000 and below expectations.

The Irish market followed its European peers downward and finished off 89.57 points at 3162.96.

Irish banks followed the market overall trend and were broadly down on the day. AIB and Bank of Ireland slipped 0.1c and 0.05c respectively to close at 7.7c and 10.4c. Irish Life and Permanent also eased back 0.1c to 3.4c.

Construction stocks were not immune to the negative macro news with CRH dropping 67.5c to €14.59. Grafton Group and Kingspan shed 12c and 28c to end the week at €3.25 and€ 7.60 respectively.


Every parent eventually reaches that weird milestone where their children discover that their mother or father had a life before kids. For Cork musician John “Haggis” Hegarty it came this April, when his 17-year-old son walked in clutching a copy of the Irish Examiner.Emperor of Ice Cream: Cork band reunite for another scoop

Louis Theroux, best known for his TV documentaries, is, like the rest of us, being forced to improvise and so has started a podcast, Grounded with Louis Theroux.Podcast Corner: Louis Theroux and Ross Kemp zoom into action

Gavin James is preparing for what is probably the strangest challenge of his live-gigging career to date: performing to a sea of cars at his upcoming Live at the Drive In gigs.Gavin James: All revved up for drive-in gigs

The Government last week reminded anyone receiving the pandemic unemployment payment (PUP), put in place as an emergency response to layoffs made in the wake of the Covid-19 crisis, that they could be liable for a tax bill at the end of the year.Making Cents: Working out if you will face a tax bill because of Covid-19 supports

More From The Irish Examiner