Market Report - Europe

Frankfurt DAX: 4080.78 (-67.80)

Frankfurt DAX: 4080.78 (-67.80)

Germany's DAX index ended bourse trade down about 1.6 percent, hurt by a weaker dollar and market sentiment that has turned sour by the final collapse of tax reform talks. The IBIS DAX, which reflects all-day computer trading, hit 4079.62 points in post-bourse dealings.

Paris CAC-40: 2985.63 (-19.75)

French shares fell, pressured by a retreat in the dollar. French companies have reported good half-year profits but say their outlook depends largely on the dollar staying strong against the franc.

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Milan Mibtel: 16059 (+209)

Italian shares were sharply higher, boosted by strong international markets and optimism that the government and trade unions will succeed in reaching an agreement to limit welfare spending.