European stock markets fell sharply today, hit by worse than expected US inflation figures on Friday. These were seen as making further US interest rate cuts more unlikely.
Dublin's ISEQ ended down 190 points - around 2.7% - at 6,902. Banks again led the fallers, with AIB and Bank of Ireland each losing more than 3.5%.
London's FTSE fell almost 2% to 6,278, while Paris and Frankfurt each fell 1.6%.
US share prices were also down by around 1% this evening, as investors waited to see if banks would take advantage of a $20 billion Federal Reserve credit auction to boost liquidity in the banking system. Investors appeared wary as the Fed credit auction got underway on Monday morning. The results from the auction are not expected to be known until Wednesday.
