Global equity markets have slipped on worries that the US Federal Reserve may curtail its stimulus measures, while the dollar recovered against the euro to trade almost flat after better-than-expected US durable goods data for April.
However Dublin’s ISEQ was up slightly at the close of business, gaining five points (0.1%) to stand at 4.046. Shares in SKG Plc were up 2.1% to €12.89, while shares in Paddy Power gained 1.6% to stand at €64.90. Meanwhile shares in Aryzta were down 1% to €46.55, while Aer Lingus shares dropped 0.6% to €1.55.
In London the FTSE was down 42 points (0.6%) to 6,654. In Paris the CAC was down ten points (0.3%) to 3,957, while the DAX in Frankfurt was down 47 points (0.6%) to 8,305.
In afternoon trading in New York, the Dow Jones was down 27 points (0.2%) to 15,267, while the Nasdaq was nine points (0.3%) lower on 3,449.
Asian stocks were mostly lower in earlier trade and the yen rebounded broadly as extreme volatility in Tokyo's Nikkei kept investors on edge. The Nikkei closed 128 points (0.9%) higher at 14,612 after yesterday's 7.3% slump. But the Hang Seng index in Hong Kong lost 51 points (0.2%) to close at 22,619.