6.30pm Markets Update

Updated: Friday 29 April 2016 18.50

European equities have experienced their biggest weekly decline in a month, with travel and leisure stocks sending the market lower after updates from Aer Lingus owner IAG, and Restaurant Group.

In London the FTSE lost 1.27% to stand at 6,241, while all of the major euro zone markets also fell.

The CAC in Paris closed 2.82% lower at 4,428, and in Frankfurt the DAX dropped 2.29% to 10,106.

In Dublin the ISEQ dropped 1.23% to 6,161. Glanbia and Origin Enterprises are among the best performing shares, while Permanent TSB and CRH both dropped in value.

In the US, Wall Street is lower in afternoon trade as investors assess earnings and data showing that US inflation barely rose in March as consumer spending remains tepid.

The Commerce Department said the personal consumption expenditures price index, excluding the volatile food and energy components, edged up 0.1% last month after an upwardly revised 0.2% increase in February.

The Dow Jones was 0.63% lower at 17,718, while the Nasdaq has fallen 0.78% to 4,767.

Earlier in Asian trade, Hong Kong's Hang Seng index lost 321 points (1.5%) to close at 21,067 following data showing slower-than-expected growth in the US economy. Markets in Tokyo are closed today for a national holiday.