Thursday, October 17 17:38:45
The ISEQ remained flat today after yesterday's rally on the last-minute fiscal deal in the US to avert a catastrophic default.
The index was down 2.08 points to 4,354.14.
The dollar fell and Wall Street was expected to weaken as relief over a U.S. budget deal gave way to worries over the effects of the 16-day government shutdown and prospects of a re-run early next year. The legislation signed overnight by President Barack Obama to fund the government until Jan. 15 and extend a debt ceiling deadline to Feb. 7 did nothing to resolve the differences over spending and deficits that divide Republicans and Democrats.
At home, Ryanair's shares rose 7c to E6.24. The airline said that it will grow at Irish airports by at least 1m passengers a year, starting from April 2014. This is in response to the Irish government's announcement that the E3 air travel departure tax from Irish airports will be dropped from April next.