5.30pm Markets Update

Updated: Monday 01 September 2014 17.46

European shares traded near a recent one-month peak today, with merger and acquisition speculation about British broadcaster ITV helping media stocks and Novartis leading drugmakers.

In Dublin the ISEQ was 39 points (0.8%) higher at 4,822 by the close of business.

Shares in Providence were 9.7% higher at €1.80, while shares in Ryanair rose 2.9% to end on €7.36. Shares in FBD Holdings fell 3.2% to €14.90, while shares in Hibernia REIT were 1.3% lower at €1.10.

In London the FTSE ended the day five points (0.1%) higher at 6,825 this evening. In Paris the CAC was one point lower at 4,380, while in Frankfurt the DAX ended the day nine points (0.1%) higher at 9,479.

Meanwhile in New York, markets were closed due to the labour day holiday being marked across the United States.

Earlier in Asian trade, Tokyo's Nikkei index gained 52 points (0.3%) to close at 15,477 as pesticide maker shares surged owing to a dengue fever outbreak in Japan. The Hang Seng index in Hong Kong inched 10 points (0.04%) higher to finish at 24,752.