2.50pm Markets Update

Updated: Friday 25 July 2014 14.52

US stocks dipped at their opening today, weighed by weak results including those from Amazon, with the S&P 500 expected to remain near its record high and within striking distance of 2,000.

In New York the Dow Jones was 12 points (0.7%) lower in early trade, with the Nasdaq down 25 points (0.6%) to 4,446.

In London the FTSE was also lower, losing 14 points (0.2%) to stand at 6,807. In Frankfurt the DAX was down 65 points (0.7%) to 9,729, while the CAC in Paris was 44 points (1%) lower at 4,366.

Meanwhile in Dublin, the ISEQ was just two points lower by mid-afternoon, trading at 4,738.

Shares in Kingspan were 2.3% higher at €12.93, while shares in Fyffes were up 1.1% to €12.93. Shares in Glanbia fell 1.5% to €11.65, while shares in Smurfit Kappa were 1.4% lower at €16.22

Overnight in Asia, Hong Kong's benchmark share index rose 0.3%, closing at its highest level in more than three years, buoyed by stronger China markets.

In Tokyo the Nikkei was 173 points (1.1%) higher at 15,458 by the close of business. Meanwhile in Hong Kong, the Hang Seng gained 75 points (0.3%) to end on 24,216.