Frankfurt bull run continues

DAX: 4227.31 (+26.07) A record overnight performance on Wall Street and a robust dollar powered German shares to fresh heights…

DAX: 4227.31 (+26.07) A record overnight performance on Wall Street and a robust dollar powered German shares to fresh heights yesterday, as the market forged ahead with its biggest-ever bull run.Prices paused after a strong early rally, then regained steam to lift the blue-chip DAX 26.07 points, or 0.6 per cent to a record 4,227.31 at its close.CAC-40: 2958.59 (-29.42) French shares finished sharply lower on profit-taking, triggered by an all-time record above the critical 3,000 level which caused a barrage of sell stop orders from the futures market, dealers said.A lower Wall Street also spoiled the morning's party.Mibtel: 1387 (+39) Heavy buying by US and British funds is helping drive the Milan bourse to all-time highs as investors lay bets in the hope of reaping handsome profits if Italy succeeds in a bid to join EMU."International investors are doing most of the work," said Mr James Cornish, European Market strategist at NatWest Markets in London.