5.40pm Markets Update

Updated: Friday 27 February 2015 17.53

European shares have edged higher, pausing after their best start to the year since regional benchmarks began in late 1986, but still supported by positive earnings reports.

In Dublin the ISEQ finished the week on 5,977 – up 79 points (1.3%) on the day.

Shares in FBD Holdings were 1.7% higher at €12.21, while shares in Irish Residential Property REIT were also up 1.7% at €1.03.

Shares in Dragon Oil were 2.7% lower at €7.35, while shares in Fyffes fell 1.5% to €1.17 it reported a 0.8% increase in total revenues for last year.

In London the FTSE was just three points lower at 6,947 by the close of business. In Paris the CAC was 41 points (0.8%) higher at 4,951, while in Frankfurt the DAX was up 69 points (0.6%) to 11,393.

Meanwhile in New York, the Dow Jones was trading 22 points (0.1%) lower by early afternoon at 18,193, while the Nasdaq was down six points (0.1%) to 4,981.

Earlier in Asian trade, Tokyo's Nikkei index edged 12 points (0.06%) higher to finish at 18,798 - a new 15-year high - despite profit-taking largely erasing earlier gains that were driven by the yen's fall. The Hang Seng index in Hong Kong fell 79 points (0.3%) to finish at 24,823.