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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago