US stocks opened slightly lower on Wall Street today - a day after the US Federal Reserve signalled it could raise interest rates for the third time this year despite low inflation.

The Dow Jones fell 11 points (0.05%) to stand at 22,402, while the S&P 500 lost three points (0.1%) to trade at 2,506 and the Nasdaq Composite dropped 11 points (0.17%) to trade at 6,445.

European markets also responded well to the Fed's signals. While London's FTSE index was flat at 7,272 by 3pm, the Paris CAC was up 28 points (0.5%) to stand at 5,270 and the Frankfurt DAX rose 41 points (0.3%) to trade at 12,610.

Boosted by a big jump in CRH's share price, Dublin's ISEQ index was also stronger this afternoon, gaining 44 points (0.65%) to 6,709. Shares in CRH were up 2.7% to €30.74 after it announced a deal for US cement maker Ash Grove Cement. Shares in CPL Resources were up 1.7% to €6.61, while Aryzta gained 1.7% to €25.32 and Ryanair dipped 0.4% to €16.43 as the airline holds its AGM today.

Earlier in Asian trade, Tokyo's Nikkei index gained 37 points (0.2%) to close at 20,347 as exporters received a boost from a weaker yen against the dollar. The Hang Seng index in Hong Kong dipped 17 points (0.06%) to finish at 28,110.