5.45pm Markets Update

Updated: Monday 20 October 2014 17.55

European stocks have largely ended lower, trimming gains made in the previous session, as a profit warning by SAP hit technology shares.

In Dublin the ISEQ was 26 points (0.6%), however, ending the day on 4,514.

Shares in Fyffes were 4.2% higher at €1.03, while shares in Donegal Investments were up 3.2% at €5.70. Shares in Providence were 2.6% lower at €1.44, while shares in UTV Media fell 1.9% to €2.55.

In London the FTSE was lower by the close of business, shedding 43 points (0.7%) to end the day on 6,267. In Frankfurt the DAX lost 132 points (0.3%) to close on 8,718, while the CAC in Paris was 42 points (1%) lower at 3,991.

Meanwhile in New York, the Dow Jones was 53 points (0.3%) lower at 16,327 by early afternoon. The Nasdaq was higher, however, gaining 29 points (0.7%) at 4,288.

In Asia markets closed higher, however, with Japanese stocks leading a rally after solid US data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy.

The Nikkei ended the day 579 points (4%) higher at 15,111, while the Hang Seng in Hong Kong was up 47 points (0.2%) to 23,070.