skip to main content

5.15pm Markets Update

Most European stock markets ended marginally higher this evening after the previous session's jump, helped by another batch of positive US data.

London's FTSE added a marginal 0.1% to close at 5,371, with telecoms firm Cable & Wireless dropping back 3% to just under 70p. In Paris, the CAC rose 0.2% to 3,631, while in Frankfurt the DAX was flat at 6,084.

In Dublin, however, the ISEQ index dropped 16 points (0.6%) to 2,745. Smurfit Kappa added 2.7% to €7.40 but banks were weaker. AIB fell 2.6% to 76 cent and Bank of Ireland lost 3.2% to 74 cent. Total Produce shares dipped marginally to 34 cent after results this morning, while Fyffes dropped almost 3% to 33 cent ahead of tis figures tomorrow.

On Wall Street, better than expected figures on unemployment benefits and home sales helped sentiment. The Dow Jones was 0.1% higher at 10,275, while the Nasdaq gained 0.6% to 2,191.

Earlier in Asian trade, Tokyo's Nikkei closed 1.5% higher at 9,063 after positive US economic data cheered Wall Street overnight. The Hang Seng index in Hong Kong gained 1.2% to finish at 20,869.