5.30pm Markets Update

Updated: Friday 31 October 2014 17.51

Global equity markets have rallied and the yen fallen to a nearly seven-year low against the dollar after the Bank of Japan surprised financial markets by ramping up its massive economic stimulus programme.    

In Dublin the ISEQ was 97 points (2.1%) higher by the close of business, ending the week on 4,763.

Shares in Aryzta were 3.9% higher at €67.75, while shares in C&C Group also rose 3.9% to €3.55. Shares in Petroceltic were down 2% to €2.45, while shares in Datalex were 1.3% lower at €1.53.

In London the FTSE was 83 points (1.3%) higher at 6,546 by the end of trading. In Paris the CAC gained 92 points (2.2%) to end on 4,233, while the DAX in Frankfurt was 212 points (2.3%) higher at 9,327.

Meanwhile in New York, the Dow Jones was trading 163 points (0.9%) higher by early afternoon at 17,358, with the Nasdaq gaining 58 points (1.3%) to trade at 4,624.

Overnight in Asia markets closed higher, helped by strength in most heavyweight stocks as investors bet that China's government will roll out more support measures for the economy.

In Hong Kong the Hang Seng was 296 points (1.2%) higher at 23,998 by the close of business. The Nikkei in Tokyo ended the day 756 points (4.8%) higher at 16,413.