Irish shares surge on positive data

Ireland's ISEQ index has risen almost 2 per cent today, tracking gains across Europe as a key indicator of German business sentiment hit a ten-month high.

22nd February, 2013
Shares up on Iseq 2%

Ireland's ISEQ index has risen almost 2 per cent today, tracking gains across Europe as a key indicator of German business sentiment hit a ten-month high.

The gains held even after the European Commission issued new forecasts that predicted a 0.3 per cent contraction in the euro zone economy this year.

The ISEQ was up 1.9 per cent at 3.15pm; the FTSE rose 0.5 per cent; the CAC gained 1.6 per cent and the DAX rose 0.6 per cent.

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