Frankfurt Dax: 3067.06 (+4.77)

German shares again surged to a new record high yesterday but failed to sustain earlier gains to end the day slightly higher, traders said.

The 30-share DAX index ended bourse trade up 4.77 points at 3,067.06 points, but well below the new record set at 3,083.07 points in midday dealings.

Paris CAC-40: 2503.07 (-5.48)

The Paris Bourse was hesitant throughout yesterday's session, ruminating on the likely results of monetary meetings this week in the US, Germany and Britain, and wound up with a moderate loss.

The majority of Paris traders do not expect any interest-rate changes to result from the meeting of the US Federal Reserve's monetary committee.

Milan MIBTEL: 12411 (+122)

The Milan stock market chalked up strong progress yesterday on optimistic expectations of an imminent conclusion of negotiations in the engineering and metalworking sectors, traders said.