3pm Markets Update

Updated: Tuesday 28 July 2015 15.18

US stocks have opened higher after a batch of better-than expected earnings from Pfizer, Merck, UPS and Ford and as the Federal Reserve kicks off a two-day monetary policy meeting.

In New York the Dow Jones was 38 points (0.2%) higher in early trade at 17,479. The Nasdaq was flat, however, at 5,038.

Meanwhile in London the FTSE was 46 points (0.7%) higher by mid-afternoon at 6,551. In Paris the CAC was up 41 points (0.8%) to 4,968, while in Frankfurt the DAX was ahead by 84 points (0.8%) at 11,160.

The ISEQ in Dublin was also trading higher by 3pm, up 49 points (0.8%) at 6,367.

Shares in Permanent TSB were up 3.7% to €5.20, while Malin Corp was 2.5% higher at €11.52. Shares in Total Produce were down 1.3% to €1.27, while shares in Hibernia REIT fell 0.9% to €1.30. 

Overnight in Asia markets fell again, as Beijing scrambled to prop up a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy.

The Nikkei in Tokyo was down 21 points (0.1%) at 20,329 by the end of trading there, while the Hang Seng in Hong Kong closed 57 points (0.5%) lower at 11,173.