5:45pm Markets Update

Updated: Wednesday 27 July 2016 17.50

European shares gained, led by auto stocks and luxury group LVMH after its second-quarter sales beat forecasts. 

In Dublin the Iseq overall index gained 28 points, 0.5%, to 5,818.

The FTSE 100 in London was 26 points, 0.4%, higher at 6,750. The DAX in Frankfurt closed 39 points, 0.4%, higher at 10,285 and in Paris the Cac 40 rose by 52 points, 1.2%, to 4,445.

Wall Street opened higher, bolstered by strong results from Apple. But the benchmark S&P 500 index retreated and the Dow industrials traded just below break-even as technology shares rose.

The Dow dropped 10 points, 0.06%, to 18,463. The S&P 500 fell 7 points, 0.3%, to 2,163. The Nasdaq composite rose by 15 points, 0.3%, to 5,125.