11am Markets Update

Updated: Tuesday 21 April 2015 11.19

European were mostly higher this morning amid upbeat European earnings reports, which helped offset worries about a possible Greek default.

London's FTSE index was flat at 7,052 by 11am, while the Paris CAC inched two points (0.05%) higher to 5,190 and the Frankfurt DAX climbed 73 points (0.6%) to trade at 11,965. 

Dublin's ISEQ index was also higher this morning, adding 34 points (0.5%) to stand at 6,288. Shares in Dalata Hotel Group rose 3.3% to €3.69 while index heavyweight CRH gained 1.9% to €26.29 and Ryanair was up 1.1% to €11.21. Aer Lingus shares were 0.6% higher at €2.42 as it emerged that Transport Minister Paschal Donohoe is still awaiting a report by the Government's working group into the potential sale of the State's stake in Aer Lingus to IAG.

Hong Kong stocks resumed their rally in earlier trade, surging 2.8% after a heavy sell-off in the previous session, as dealers followed a strong lead from Wall Street overnight. The Hang Seng index soared 756 points to close at 27,850 while the Nikkei index in Tokyo gained 275 points (1.4%) to finish at 19,909.

Wall Street shares ended sharply higher last night after China moved to stimulate its slowing economy while cautious optimism about US earnings lured investors into technology stocks ahead of upcoming earnings reports. The Dow Jones rose 209 points (1.17%) to end at 18,035, while the S&P 500 gained 19 points (0.9%) to close at 2,100 and the Nasdaq Composite added 63 points (1.27%) to finish at 4,995.