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One News: David Murphy, Business Correspondent, reports on the fall on the Irish stock market as the price of a barrel of oil nears the $100 mark and the euro remains high against the dollar
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News At One: David Murphy, Business Correspondent, reports that a number of factors combined to cause the sharp fall in stocks
More than €4bn was wiped off the value of Irish shares today as a fresh wave of uncertainty hit the stock market.
The continuing slide has knocked 5% off the value of pension funds so far this year.
Pension experts Mercer have described November as a terrible month for retirement funds.
Stockbrokers predict the steep fall in shares will continue.
The fresh wave of turbulence washed over financial markets after the economic growth forecast in the US was bleaker than thought.
At the same time the price of a barrel of oil is just below the psychological barrier of $100 a barrel at $99.29.
