The ISEQ rebounded this morning from last week's sharp falls morning with the main ISEQ index up 153 points or nearly 3 per cent to 5,338.
Financial stocks led the recovery in Dublin this morning as AIB climbed 57 cents to euro 11.05, Bank of Ireland advanced by 20 cents to euro 8.99 and IL&P gained 16 cents to euro 11.50.
CRH gained 22 cents to euro 16.72, DCC added 20 cents euro 10.50 and Elan is euro 1.50 higher after a strong performance on Wall Street on Friday.
Food and travel shares repaired some of the damage inflicted last week in the the wake of the foot-and-mouth outbreak. Ryanair gained 35 cents to euro 9.95, IAWS gained 5 cents to euro 7.45 and DCC moved 20 cents higher to euro 10.50.
London's equity market continued its tentative recovery this morning after Wall Street ended last week on a firmer note. But the mood in London remained cautious, with the market vulnerable to further selling if more bad news emerges from the US.
Telecoms stocks drove the London market higher. Cable & Wireless led the way with a rise of 7 per cent after it announced the sale of its majority stake in C&W Optus, Australia's second-largest carrier, to Singapore Telecom.