6pm Markets Update

Updated: Tuesday 09 February 2016 18.00

European shares fell for a seventh consecutive session today to touch their lowest level in more than two years as worries about the impact on banks of sustained low interest rates kept sentiment fragile.

In London the FTSE lost 1% to end the day on 5,632, while all of the major euro zone markets also dropped.

The CAC in Paris fell 1.69% to 3,997, and in Frankfurt the DAX was 1.39% lower on 8,848.

In Dublin the ISEQ lost 0.48% to end on 5,722. Kingspan and Ryanair were among the few shares that gained, while Permanent TSB and AIB both lost value.

In the US, Wall Street bounced between gains and losses in choppy early trading, as a decline in energy and financial sectors offset gains in materials and technology stocks.

The Dow Jones is down 0.59% for the day to 15,932, while the Nasdaq is 0.72% lower at 4,252.

Earlier in Asian trade, Tokyo's Nikkei slumped 919 points (5.4%) to finish at 16,085 as the index extended a global sell-off as a stronger yen dented exporters and after oil prices tanked again on fears of a deepening economic slowdown. Markets in China were closed for the Lunar New Year holidays.