Markets wrap: Irish stocks retreat as global traders mull US credit rating downgrade

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Here’s what you need to know about global market activity today

Dublin’s Iseq retreated on Wednesday as shares in Permanent TSB dropped sharply even as the lender issued a robust trading update.

The index was down by around half a per cent since open, as trading moderates after jumping to a 16-year high last week. The slight drop in Dublin trading came as indices in the US also slowed, amid concerns in that market over a steeper yield curve.

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