European stocks dropped from their highest level since May 2008, tracking global indexes lower amid concern over equity valuations.
In Dublin, the Iseq was down 0.8 per cent, although Permanent TSB rose again, up 5.4 per cent, following positive predictions from management. London’s FTSE was down 0.5 per cent. In Frankfurt, the DAX was down 0.7 per cent. In Paris, the CAC was down 0.4 per cent.
Last night, US stocks fell, sending the Standard & Poor’s 500 Index...
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