Nvidia fell 2.3 per cent, continuing its recent turbulent ride amid a fall in semiconductors in trading on Thursday. Photograph: AFP/Getty Images
US Treasury yields, meanwhile, declined slightly after a series of economic reports, which mostly suggested ebbing economic momentum, supporting the view the Federal Reserve could soon begin cutting interest rates.Shares in AIB fell 1.8 per cent €4.95 per share after the Government decided to put another 5 per cent block of shares in AIB on the market, in a move that will see its holding fall close to the 25 per cent level. Bank of Ireland, meanwhile, fell by 2.7 per cent to €9.67 per share.
Among individual stocks, accessories retailer Burberry suffered the biggest decline, slipping 6.4 per cent as the company traded without entitlement to its latest dividend payouts. It followed a report from Deutsche Bank analysts, cutting the group’s its sales forecast on weaker data from China and the US.
Inflation anxieties surfaced once more after a surprise jump in inflation data in Australia on Wednesday and in Canada on Tuesday. A dip in semiconductor stock prices also contributed to the downbeat mood with chipmaker Micron Technology shares off by 6 per cent after a disappointing revenue forecast late Wednesday. Nvidia fell 2.3 per cent, continuing its recent turbulent ride.
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