Europe Markets: Irish banks slump after election as European stocks slip [MarketWatch]
KKR & Co. Inc. (KKR)
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Source: MarketWatch
Irish banks slump after election as European stocks slip Shares in Irish banks slumped on Monday after a surprisingly strong showing for the Sinn Féin party in the country’s general election, as European stocks drifted lower more broadly. Bank of Ireland BIRG, -4.48% lost 6.1% and Allied Irish Bank A5G, -2.72% tumbled 5.4%, as the nationalist party took 24.5% of the first-preference votes, beating the traditional two big parties, Fine Gael and Fianna Fáil. Even so, Sinn Féin will not have the most seats in the Dáil, the Irish parliament, because of the limited number of candidates it fielded. Analysts at Irish stockbroker Goodbody said the most “extreme” elements of Sinn Féin’s platform are unlikely to become policy, but some aspects including higher corporate taxes could become law, as well as a proposal to let Ireland’s central bank cap mortgage rates. The ISEQ All-Share Index IEOI, -0.96% dropped 1.1% to 7075.51. The Stoxx Europe 600 SXXP, -0.33% fell 0.29% to 423.09. U
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- 4/10/24 - Form 8-K
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- KKR's page on the SEC website