3.30pm Markets Update

Updated: Friday 31 July 2015 15.38

US stocks have opened mixed after ExxonMobil and Chevron profits slumped on falling crude oil prices, dragging down the Dow, as investors digested a slew of corporate earnings reports.

In New York the Dow Jones was 18 points (0.1%) lower at 17,727 in early trade there, however the Nasdaq was 12 points (0.2%) higher at 5,140.

In London the FTSE was ahead by 18 points (0.3%) to 6,686 by mid afternoon, while the CAC in Paris was six points (0.1%) higher at 5,052. The DAX in Frankfurt was lower, however, shedding 15 points (0.1%) to trade at 11,232.

Meanwhile in Dublin the ISEQ was 52 points (0.8%) higher at 6,501 by 3.30pm.

Shares in Permanent TSB were up 4.8% to €5.19, while shares in Applegree rose 4% to €4.68. Shares in FBD Holdings were 9.1% lower at €7.80 after the company’s CEO resigned with immediate effect, while shares in Datalex were 1.9% lower at €2.01.

Overnight in Asia shares inched higher but were still set to post a loss for July, led by China's biggest monthly drop in six years.

In Tokyo the Nikkei was ahead by 62 points (0.3%) at 20,585 by the close of business there, though the Hang Seng in Hong Kong was five points lower at 11,132.