Global stocks have dipped as rising US Treasury yields again rattled equity investors while hoisting the dollar to a three-month high, which in turn dragged the Japanese yen.

In Dublin the ISEQ was 180 points (2.3%) lower by the end of trading, finishing the week at 7,630.

Shares in Cairn Homes were up 2.3% to 95c, while shares in Bank of Ireland rose 2.3% to €3.52. Shares in Ryanair were down 2.3% to €15.64, while shares in AIB dipped 5.2% to €1.86.

In London the FTSE was 20 points (0.3%) lower at 6,630 by the close of business. In Paris the CAC was down 48 points (0.8%) to 5,782, while the DAX in Frankfurt ended the week at 31,178 following a 135 point (1%) dip in the day.

In New York the Dow Jones was trading 263 points (0.8%) higher by early afternoon at 31,178, while the Nasdaq was up 36 points (0.3%) to 12,760.

Asian markets also fell again today in earlier trade after Jerome Powell failed to soothe fears of a surge in inflation fuelled by the expected global economic recovery, which many warn could force the Fed to increase interest rates earlier than thought. Tokyo's Nikkei index fell 65 points (0.2%) to close at 28,864 while the Hang Seng index in Hong Kong lost 138 points (0.4%) to finish at 29,098.