Markets open low after black Tuesday
European markets fell heavily yesterday with the Irish stock exchange falling below 4,000 for the first time since October 1998 and the FTSE 100 in London closing at a six-year low.
Following the heavy falls in Europe, US stock markets were also down with the Dow Jones finishing down almost 3% at a four-year low.
Poor US consumer confidence figures did nothing to help matters, while the Federal Reserve left interest rates unchanged at its monetary committee meeting. It warned that slowing growth and heightened geo-political risks are the greatest risks to the US economy.
European markets also opened low today.
In Irish news, Ryanair holds its AGM today amid speculation that it is to expand its operations in Germany.
In foreign exchange, a euro will buy 61p sterling or $0.984.
