5pm Markets Update

Updated: Wednesday 04 May 2016 17.29

Global equity markets fell for a second straight day on mostly weak economic data and metals prices slipped on renewed signs of a downturn in global growth.

Economic growth in the euro zone will be slow but steady in the second quarter, surveys indicated, underscoring concerns about the vulnerability of the euro zone's upturn.

In Dublin the Iseq overall index shed 24 points, 0.4%, to 6,014. Paddy Power Betfair fell 2.3% following a trading statement in which it noted that revenues over the first quarter had been hit by a run of unfavourable sporting results. 

The FTSE in London fell 74 points, 1.2%, to 6,112. In Frankfurt the DAX was 107 points, 1.1%, lower at 9,848. In Paris the Cac 40 was down 48 points, 1.1%, at 4,324.

The Dow Jones industrial average fell 88 points, or 0.5%, to 17,663. The S&P 500 slid 13 points, or 0.7%, to 2,050 and the Nasdaq Composite lost 35 points, or 0.7%, to 4,728.