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5.15pm Markets Update

Stocks were mixed across Europe with London's FTSE 100 index of leading shares falling 1% to 3,911 points, as investors cashed in on a major rally the previous day.

In Paris the CAC 40 index finished up 0.2% at 2,874 and the Frankfurt Dax also rose 0.3% to 4,187.

The ISEQ index of Irish Shares closed down 25 points to 2,138. Financial shares closed up, with Bank of Ireland up six cent to 58 cent, over 11%. AIB closed up two cent to 72 cent.

Ryanair closed down 18 cent to €2.76. Yesterday, oil futures had hit the highest levels since late last year, mirroring a world stock market rally.

In New York, the Dow Jones inched up 0.1% to 7786. The Nasdaq was down 0.7% to 1,544.

Energy shares also contributed to the fall as oil prices fell back after yesterday's surge.

In Asia, Tokyo's Nikkei 225 index rallied by 273 points (3.3%) to close at 8,488 as investors cheered the US plan to purge ailing banks of toxic assets.