11.30am Markets UpdateUpdated: Friday 01 July 2016 11.38
Europe's main stock markets pushed a little higher this morning shares as investors cheered the prospect of more stimulus to ward off a Brexit-induced economic slowdown.
London's FTSE index added another 15 points (0.2%) to stand at 6,519 by 11.30am, building on the 2.3% gain made yesterday after Bank of England governor Mark Carney suggested monetary easing may be required this summer. The Frankfurt DAX inched five points (0.05%) higher to trade at 9,685 but the Paris CAC had dipped two points (0.05%) to 4,235.
Dublin's ISEQ index moved 51 points (0.9%) higher to stand at 5,694 in mid-morning trade. Shares in Paddy Power Betfair gained 1.9% to trade at €96.32 while Ryanair rose 2.8% to €11.64. Dalalex shares jumped 4.8% to €3.51 while Kerry Group was up 1.9% to stand at €81.44.
Earlier in Asian trade, Tokyo's Nikkei index gained 106 points (0.7%) to close at 15,682 on signs policymakers around the world are ready to shore up the global economy against the fallout from Britain's EU exit vote. The Hang Seng index in Hong Kong rallied 358 points (1.7%) to finish at 20,794
US stocks posted gains for the third session in a row last night on Wall Street as worries continued to diminish about the economic hit to the United States from the British exit of the European Union. The Dow Jones rose 1.3% to close at 17,930, while the broad-based S&P 500 climbed 1.4% to end at 2,099 and the tech-rich Nasdaq Composite index advanced 1.3% to finish at 4,843.