6pm Markets Update

Updated: Thursday 26 February 2015 18.06

Major European share indexes have climbed to new multi-year highs, with the world's largest brewer Anheuser-Busch InBev leading the food and beverages sector higher after announcing a sharply higher dividend and a share buyback plan.

In Dublin the ISEQ was 19 points (0.3%) higher by the end of trading, finishing the day on 5,898.

Shares in Dragon Oil was 4.3% higher at €7.56, while shares in Aryzta were up 2.4% to €71. Shares in First Derivatives fell 3.5% to €17.85, while shares in Irish Continental Group were 2.8% lower at €3.45.

In London the FTSE was 14 points (0.2%) higher by the end of trading there at 6,949. In Paris the CAC was up 28 points (0.6%) to 4,910, while in Frankfurt the DAX was 108 points (1%) higher at 11,321.

Meanwhile in New York, the Dow Jones was down four points by early afternoon, trading at 18,220. The Nasdaq was up, however, gaining 18 points (0.3%) to stand at 4,985.

Earlier in Asian trade, Tokyo's Nikkei index gained 201 points (1.08%) to finish at 18,786 while the Hang Seng index in Hong Kong moved 124 points (0.5%) higher to end at 24,902 after US Federal Reserve chair Janet Yellen signalled the Fed was in no hurry to raise rates while energy stocks rose on higher oil prices.