5.30pm Markets Update

Updated: Tuesday 15 April 2014 17.58

European stocks have sank today, resuming last week's sell-off as worries over escalating tension in Ukraine and weak updates by bellwethers including Nestle spooked investors.

In Dublin the ISEQ was 48 points (1%) lower at 4,847 by the close of business.

Shares in Providence were 11.8% higher at €2.46, after the company confirmed it was in talks with other firms over its Ballyroe oil field. Shares in Paddy Power were also higher, gaining 1.3% to close on €54.16. Shares in Aer Lingus were 4.9% lower at €1.55, while shares in Fyffes fell 3.6% to €1.22.

In London the FTSE ended 42 points (0.6%) lower at 6,541. In Frankfurt the DAX was down 165 points (1.8%) at 9,173, while in Paris the CAC was down 39 points (0.9%) at 4,345.

Meanwhile in New York, the Dow Jones was down 71 points (0.4%) at 16,102 by the afternoon, while the Nasdaq was trading 60 points (1.5%) lower at 3,962.

Overnight in Asia, the focus was on data showing that China's money supply grew at the weakest pace in more than a decade in March, in another sign of softening momentum in the world's second largest economy.

Shares on the Hang Seng in Hong Kong closed 367 points (1.6%) lower at 22,671 overnight, however the Nikkei in Tokyo was 87 points (0.6%) higher at 13,997.