European shares have fallen for a third consecutive session in response to evidence of growing momentum in the US economic recovery that could mean a scaling-back of stimulus by the Federal Reserve.
In Dublin the ISEQ was 30 points (0.7%) lower at 4,375. Shares in Paddy Power were 2.5% lower at €57.75, while shares in Providence were 1.3% lower at €3.08. Shares in Dragon Oil fell 4.1% to €6.71, while shares in Origin were 3.3% lower at €6.82.
In London the FTSE was 22 points (0.3%) lower at 6,510, while in Paris the CAC fell 24 points (0.6%) to 4,148. Meanwhile in Frankfurt, the DAX fell 83 points (0.9%) to 4,140.
In afternoon trading in New York, the Dow Jones was 35 points (0.2%) lower at 15,879 while the Nasdaq was five points (0.1%) lower at 4,032.
Asian shares slumped in earlier trade this morning as the prospects of a reduction in the US Federal Reserve's stimulus early next year prompted investors to cash in gains from recent rallies. Tokyo's Nikkei index fell 324 points (2.1%) to end at 15,408 while the Hang Seng index in Hong Kong lost 182 points (0.7%) to end at 23,729.