Monday September 21, 2020

Fear of recession causes stocks to reel

It was a bad week for Irish shares as values slumped to levels seen late last autumn, write Eamon Quinn and David Clerkin.

10th June, 2006

Interest rate hikes and s t o c k ma r k e t s spooked by the return of the R word amid fears of a recession in the US, sent global bank and construction stocks reeling last week.

For investors in the ISEQ index of Irish shares, which is laden with both banks and large construction stocks such as CRH, there was no avoiding the oncoming juggernaut. Elan then joined the casualty list...

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