5.30pm Markets Update

Updated: 17:44, Friday, 25 May 2012

European stock markets closed higher this evening, with London's FTSE 100 inching up 0.03% to 5,351.53 points.

1 of 1Stock markets - The latest movements
Stock markets - The latest movements

In Frankfurt, the DAX 30 added 0.38% to 6,339.94 and in Paris the CAC 40 rose 0.32% to 3,047.94 points.

In Dublin the ISEQ index of Irish shares was up 1.21% to 3091. There were gains for pharma group Élan, up 8.96% to €11.43. Donegal Creameries is up 4.55% to €3.45, while Kerry is up 4.48% to €34.16.

IFG fell 8.57% to €1.28, biotech group ICON fell 5.45% to €15.60 and Smurfit Kappa fell 3.54% to €5.45.

In New York a short time ago the Dow Jones was down marginally, down 0.36% at 12484, while the NASDAQ is down 0.12% to 2835.

Earlier in Asia, markets were mixed as weak European data added to pessimism after this week's disappointing summit on saving Greece from leaving the euro zone.

Positive leads from Wall Street and European markets were unable to provide a thrust as Asian indexes which in the past month have given up the gains made since the start of the year. Tokyo's Nikkei closed up 0.2% to 8,580. The Hang Seng ended up 0.3% higher at 18,713.

Stocks & Shares