Spectre of war still haunts markets

THE uncertainty about the possibility of war was the underlying factor which wiped millions of euro from the value of shares on stock markets across the globe yesterday, according to Goodbody Stockbrokers head of research Colin Hunt.

The value of shares trading on the Irish Stock Exchange fell by 1.7 billion euro as shares values fell by 3.1% in tune with markets across Europe.

Britain's FTSE 100 share index slumped 4% to its lowest level for eight weeks, as more gloom from the banking industry added to economic worries, while the threat of war still lurked.60 billion was wiped off share values.