Wednesday, October 09 17:38:40
The ISEQ dropped for the third straight day as the long-awaited Budget looms and despite a steadying of the nerves as hopes of a compromise in the US fiscal standoff emerged.
The ISEQ fell 27.19 points to 4,195.87.
Euro zone shares rebounded, outpacing their British and Swiss counterparts as successful debt sales in Rome and Madrid boosted banks and stocks on the region's periphery. Spanish and Italian stocks rallied after the countries' sovereign bonds sold well, adding to signs of improved sentiment towards the euro zone's struggling southern economies.
U.S. stocks fell, with the Nasdaq composite index down 1 percent, as investors sold the year's biggest winning shares, including major tech companies.
Shares in IFG fell 2c to E1.33. The UK Financial Conduct Authority (FCA) has published finalised guidance for self-invested personal pension (SIPP) operators which covers regulatory requirements and client money and custody assets rules. The guidance sets out how SIPP providers should operate and comes ahead of the publication of final new capital adequacy rules.