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Friday 5 November 2010

UPDATE 1-Spain, Ireland bank shares hurt on euro zone fears | Reuters


16:37 | ,

UPDATE 1-Spain, Ireland bank shares hurt on euro zone fears | Reuters: "Spanish banks traded lower on Friday, dragged by fears on the weakness of peripheral euro zone economies after Bank of Ireland (BKIR.I) (BKIR.L) shares slumped in Dublin and London.
Spanish bank shares .IBAN.BC fell 2.9 percent against a 1.5 percent fall in the European bank index .SX7P. Bank of Ireland stock fell 9.5 percent to its lowest level since mid-2009 due to concerns on the state of the Irish economy.
'A lot of that is about insecurity,' said Tom Shaw, an analyst at Ireland-based brokerage house Goodbody."


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