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2.40pm Markets Update

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Stock markets - the latest movements

Wall Street's main indexes were mixed ⁠at the open today as investors treaded carefully ahead of several Big Tech earnings reports and a ‌Federal Reserve meeting ⁠expected to be the last for Jerome Powell as its Chair.

The Dow Jones rose 22 points (0.04%) at ⁠the open ‌to stand at 49,164, while the S&P 500 fell seven points (0.1%) to trade at 7,131 and the Nasdaq Composite dropped 57 points (0.23%) to reach 24,606.

Most European shares continued to fall this afternoon as investors digested a packed day of corporate earnings, while a continuing US-Iran impasse also kept risk sentiment in check.

London's FTSE index had dropped 90 points (0.8%) to stand at 10,242 by 2.40pm, while the Paris CAC was down 23 points (0.3%) to trade at 8,081 and the Frankfurt DAX lost 52 points (0.2%) to reach 23,967.

But boosted by a surge in Glanbia shares, Dublin's ISEQ index had jumped 144 points (1.2%) to hit 12,431 this afternoon. Shares in Glanbia soared 9.7% to trade at €19.23 after it said it now expects adjusted EPS growth this year to be at the upper end of its medium-term guidance range of 7% to 11%. Shares in Kingspan rose 1.6% to stand at €79.25, while AIB was up 1.4% to reach €9.75 and Glenveagh Properties gained 1.2% to hit €2.08.

Earlier in Asian trade, Hong Kong's Hang Seng index rose 432 points (1.7%) to finish at 26,112 as worries about the Iran conflict and health of the AI sector eased, optimism over corporate ⁠earnings grew, and attention turned to the Federal Reserve's decision later tonight.

Markets in Japan are closed for a national holiday today.