Details of a
multi-lateral 85 billion euro ($113 billion) bailout package for
Ireland emerged but failed to inspire much investor confidence in
Europe outside of Ireland.
Bank of Ireland (IRE
) is up 23.6% in U.S. action, ranging between
1.68 to 1.80. Allied Irish Banks (AIB) is up 11%, ranging between 1.10
and 1.06. Both ADRs have been active decliners over recent sessions.
In a regulatory statement, Bank of Ireland said it would seek to
raise 2.2 billion euro in capital by Feb. 28, via "internal capital
management initiatives, support from existing shareholders and other
capital market sources."
Active Technology Select Sector SPDR (XLK
), iShares Dow Jones US
), Vanguard Information Technology (VGT
), and iShares
S&P North American Technology (IGM
) are all expected mixed with a
firmer bias in early action.
iShares S&P North American Tech-Software (IGV
Semiconductor HOLDRS (SMH
), SPDR S&P Semiconductor (XSD
PHLX SOX Semiconductor (SOXX
) and PowerShares Dynamic Semiconductors
) are all expected at least mildly firmer but could move in choppy
fashion in step with broad-market action.
Energy and Mining -
Energy Select Sector SPDR (XLE
) is down 0.3%. Oil Services HOLDRS
), SPDR S&P Oil & Gas Equipment & Services ETF (XES
and PowerShares Dynamic Energy Exploration & Production (PXE
all expected lower.