European shares dipped on Wednesday after reaching a six-year high yesterday, as investors continued to speculate on the possibility of a June rate cut by the European Central Bank.
Portgual’s PSI index dropped more than 3 per cent into the red led by banking stocks, following reports that Portuguese bank Millennium bcp was considering raising capital in an effort to increase repayments to the state.
In Dublin, the Iseq index was down 0.98 per cent.
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