5.35pm Markets Update

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German shares hit a fresh record high today, supported by gains in industrial stocks and insurers, while data showed a services sector downturn in the euro zone’s largest economy eased in November.

The DAX in Frankfurt was up 128 points (0.78%) to 16,533, while the CAC in Paris was up 54 points (0.74%) to 7,386 and London’s FTSE index was down 23 points (0.31%) to 7,489.

Dublin’s ISEQ index was up 34 points (0.4%) to 8,465. Shares in Uniphar were up 5.14% to €2.25, while shares in Glenveagh were up 2.23% to €1.10. Meanwhile, shares in PTSB were down 3.15% to €1.69, while shares in FBD were down 1.78% to €11.05.

Wall Street’s main indexes were mixed today as investors assessed a fresh batch of economic data, including a jobs report, to gauge the probability of rate cuts by the Federal Reserve early next year, while megacap stocks rebounded from the previous day’s losses. By 5.35pm Irish time, the Dow Jones was down 116 points (0.32%) to 36,087, while the S&P 500 was down four points (0.09%) to 4,565 and the Nasdaq Composite was up 33 points (0.24%) to 14,219.

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