5.30pm Markets Update

Updated: Friday 25 July 2014 17.33

Weak German economic data and a slump in the shares of luxury goods group LVMH weighed on European stock markets today. 

In London the FTSE was 30 points (0.4%) lower closing at 6,792 . In Paris the CAC was down 80 points (1.8%) to 4,331, while in Frankfurt the DAX lost 150 points (1.5%) to finish at 9,644.

In Dublin the ISEQ was 12 points (0.3%) lower at 4,729 by close.

Shares in Kingspan were 2.9% higher at €13.02, while shares in Total Produce rose 1.2% to €1.13. Shares in Glanbia were down 1.9% to €11.60, while shares in CRH were 1% lower at €18.15.

Disappointing earnings from Amazon and Visa dragged US stocks lower today in a broad sell off led by consumer discretionary shares.

The Dow Jones lost 121 points (0.7%) to trade at 16,962, while the S&P 500 was down eight points (0.4%) to 1,979 and the Nasdaq Composite was 25 points (0.6%) lower standing at 4,447.

Overnight in Asia, Hong Kong's benchmark share index rose 0.3%, closing at its highest level in more than three years, buoyed by stronger China markets.

In Tokyo the Nikkei was 173 points (1.1%) higher at 15,458 by the close of business. Meanwhile in Hong Kong, the Hang Seng gained 75 points (0.3%) to end on 24,216.