Opening Bell: Trump surge spooks markets, leprechaun economics 2.0, selling the Central Bank

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Markets are showing nerves as the US presidential race tightens heading into the final straight.

Asian shares slumped overnight and the US dollar came under new pressure.

The S&P 500 share index in New York touched four month lows last night.

Wall Street's 'Vix index' - a measure which charts expected market volatility - has returned to highs seen when the UK voted to leave the EU. This metric is nicknamed the 'fear gauge.'

Haven assets like gold are on the rise - while the Mexican peso is losing value.


New figures from the Central Statistics Office (CSO) report that private debt increased by more than 42% last year - making it three times the size of the Irish economy.

However, the Irish Independent points out that these figures include the debt of multinationals restructuring their balance sheets.

This means that the numbers are inflated in a similar fashion to the 26% growth rate reported for 2015 - the newspaper dubs it the 'return of leprechaun economics.'


The Central Bank has nominated Hines as the preferred bidder for its Dame Street property portfolio - which includes its iconic HQ.

Hines and the bank will enter into a process that is subject to various procedures, and will be managed by the Bank’s property advisors, Lisney.

The portfolio is due to sell for some €65m - and the main Dame Street property is expected to be used as high-spec office space or as a hotel.


Around 300 representatives from North and South of the border are meeting this morning to discuss the impact of the UK’s Brexit vote.

The forum was called by the Taoiseach - and will see figures from the worlds of politics, business and culture discuss their concerns about Britain’s impending exit from the European Union.

However - the meeting will go ahead with no input from Unionists politicians, who have dismissed it as a 'talking shop.'