6pm Markets Update

Updated: Friday 23 January 2015 18.22

European stock markets have risen after the European Central Bank's decision to buy government bonds, with Greek shares leading the gains before the country's election on Sunday.

In Dublin the ISEQ was 116 points (2.1%) higher by the close of business, ending the week on 5,578.

Shares in Donegal Investments were 5.2% higher at €6.10, while shares in Green REIT were up 4.7% at €1.33. Shares in Datalex were down 3.1% to €1.55, while shares in Total Produce fell 2.4% to end on €1.02.

In London the FTSE was 36 points (05%) higher at 6,833 by the end of business. In Frankfurt the DAX had gained 216 points (2.1%) to finish on 10,660, while the CAC in Paris was 88 points (1.9%) higher at 4,641.

Meanwhile in New York the Dow  Jones had shed 33 points (0.2%) by early afternoon to stand at 17,781, while the Nasdaq was 13 points (0.3%) higher at 4,764.

Earlier in Asian trade, Tokyo's Nikkei index gained 183 points (1%) to close at 17,512 while the Hang Seng index in Hong King closed 328 points (1.3%) higher at 24,850  after European and US markets rallied on the European Central Bank's announcement of a bigger than expected stimulus programme.