—ISEQ Overall · Mon 5 Oct close not confirmed

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1.1204EUR/USD · ECB reference rate Mon 5 Oct · −0.19%
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, TUE., OCT. 6, 2026No. 2 · Morning, 6:00 a.m. IST6 a.m. IST
ISEQ—EUR/USD1.1204▼0.19%10/5S&P 5007,773.95▲0.66%10/5WTI$89.43▼1.84%10/5Gold$4,156.80▼0.13%10/5
Politics · BudgetPress ✓ 4 outlets · package size per Davy; Department projections attributed

Budget day: a package of about €8.5bn, built on a corporation tax windfall the fiscal watchdog has warned about

Simon Harris and Jack Chambers present Budget 2027 to the Dáil today. Corporation tax receipts are strong, but the Fiscal Council has urged caution about relying on them.

Budget 2027 is due in the Dáil today, presented by Finance Minister Simon Harris and Public Expenditure Minister Jack Chambers, according to the Irish Times and RTÉ. Davy puts the package at about €8.5 billion. The Irish Examiner reported weeks ago that the Government was set to agree a package of that size. The contents were not officially confirmed when this edition went to press, so DailyDrop does not report them as fact.

The money comes largely from business tax. TheJournal reported that corporation tax receipts in September rose sharply as companies paid their bills early. The Department of Finance has projected business tax receipts of about €34 billion this year, rising to about €39 billion in 2027, according to budget coverage. In late August the Irish Fiscal Advisory Council, the State's independent watchdog, called for a domestic spending rule and warned against a greater dependence on what it called risky corporation tax. It has noted that three firms pay nearly half of the total.

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By the numbers
€8.5bnreported size of the package (Davy, Irish Examiner)
€34bnprojected business tax receipts this year (Department of Finance)
€39bnprojected for 2027 (Department of Finance)
Economy · BusinessPress ✓ 2 sources · services figure from one listing

Irish services growth slows to 54.1 in September while factories hold at 55.5

The AIB Ireland Services PMI fell to 54.1 in September from 55.4 in August, according to Newsquawk. A reading above 50 signals growth, so the sector is still expanding, but more slowly. August had been the highest since November 2025, per Trading Economics.

The AIB Manufacturing PMI rose to 55.5 from 55.4, according to Trading Economics, a four-month high for factories. DailyDrop found only one listing for the services figure, so it is attributed rather than confirmed.

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Word of the day
PMIEconomy

A monthly survey of purchasing managers. Above 50 means activity grew; below 50 means it shrank.

World · MarketsPress ✓ 2 outlets · closing levels per AP report

Nasdaq sets a record as US 10-year yield climbs above 5.3% and oil swings around $100

On Monday the S&P 500 added 0.7% to 7,773.95, within 0.3% of its summer record, and the Nasdaq composite rose 1.1% to a record 27,477.31, according to an Associated Press market report carried by La Nación and Tradejini. The Dow gained 90.94 points to 51,267.90. The Russell 2000 of smaller companies rose 0.5% to 2,847.14.

The report said the 10-year US Treasury yield rose to 5.31%, though another source put it at 5.28% before the market opened. Brent crude swung between $100 and $103 before settling a little over $100. WTI closed at US$89.43, down 1.84%, and gold at US$4,156.8, down 0.13%. For Irish borrowers, higher US yields tend to pull euro bond yields up too.

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Politics · BudgetPress ✓ 3 outlets · expectations, not confirmed contents

What the Government signalled before today: middle-income tax relief, Help to Buy, childcare and welfare

In the weeks before the budget, Harris sought to reassure middle-income earners that there would be tax relief, according to the Irish Times on 10 September, and said on 21 September that the income tax package would deliver "hundreds of euros" to workers. The Irish Times's 16 September guide listed social welfare, the Help to Buy scheme, tax changes and childcare costs as the areas under discussion.

RTÉ reported on 16 September that Chambers said the Government would have to make "trade-offs". The Irish Examiner's preview listed the key talking points, including fuel. None of these reports confirms what is in the package, and DailyDrop will report the measures once announced.

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Markets · CurrencyPress ✓ 3 sources · FX commentary; closing rates unconfirmed

The euro starts October close to its weakest level this year against the dollar

EUR/USD closed September near 1.1335, down about 2.4% on the month, and started October within a few pips of this year's low of 1.1311, according to DailyForex. RoboForex had the pair at 1.1256 on 2 October, before the US jobs report, which would be below that mark. The two sources therefore disagree on the level, and DailyForex's low may refer to a different data feed.

Mitrade's roundup showed the dollar up about 1.07% against the euro in the week to 2 October. XTB published a trade note for the day. DailyDrop could not confirm Monday's closing rate, so the right-hand ear box shows a dash. A weaker euro makes US travel and imports dearer for Irish households and helps exporters selling in dollars.

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In brief
  • S&P 500 7,773.95 (+0.66%), WTI US$89.43 (−1.84%), gold US$4,156.8 (−0.13%) at Monday's US closemarket data
  • Nasdaq record 27,477.31, up 1.1%AP via La Nación
  • Dow up 90.94 points to 51,267.90AP via La Nación
  • AIB Ireland Services PMI 54.1 in September, from 55.4Newsquawk
  • AIB Manufacturing PMI 55.5, a four-month highTrading Economics
  • Corporation tax receipts in September rose as companies paid earlyTheJournal
  • Brent swung between $100 and $103 on MondayAP via La Nación
  • EUR/USD started October near its annual lowDailyForex
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INSIDEBudget day: a package of about €8.5bn, built on a corporation tax windfall the fiscal watchdog has warned aboutPolitics · BudgetIrish services growth slows to 54.1 in September while factories hold at 55.5Economy · BusinessNasdaq sets a record as US 10-year yield climbs above 5.3% and oil swings around $100World · MarketsWhat the Government signalled before today: middle-income tax relief, Help to Buy, childcare and welfarePolitics · BudgetThe euro starts October close to its weakest level this year against the dollarMarkets · Currency