6pm Markets Update

Updated: Monday 31 August 2015 18.26

World stock indexes fell while oil prices dropped amid persistent investor concerns about slowing growth in China and the prospect of higher US interest rates.

US stocks started the week lower with the Dow Jones down 115 points (0.7%) to 16,529. The Nasdaq was down 29 points, or 0.6%, to 4,799.

European shares suffered their worst monthly performance in four years, as concerns over a Chinese economic slowdown and a possible US interest rate rise hit the region's stock markets.

London's FTSE bucked the trend closing 56 points (0.9%) higher at 6,248. Germany's Dax was down 39 points (0.4%) at 10,259. In Paris, the CAC closed 22 points (0.5%) lower at 4,653.

Dublin's ISEQ closed 1.5% higher (+97) at 6,406. Petroceltic shares were up 10 cent (14%) to 79 cent. Aer Lingus was 7.7% higher (19 cent) at €2.67. FBD Holdings gained 3% (17 cent) to close at €6.02. Total Produce shares were down by 1 cent (0.8%) to €1.24. ICG lost 1 cent (0.1%) to €4.48. Fyffes shares also closed 1 cent lower (0.4%) at €1.40.

Earlier in Asian trade, Tokyo's Nikkei index lost 246 points (1.3%) to close at 18,890 after weak Japanese factory output figures and as uncertainty hangs over the timing of a Federal Reserve rate hike. The Hang Seng index in Hong Kong inched 58 points (0.27%) higher to finish at 21,671.