MARKET REPORT - EUROPE

Frankfurt Dax: 3035.15 (+17.83)

Frankfurt Dax: 3035.15 (+17.83)

Strong results from software firm SAP AG and an overnight Wall Street rally spurred the German share market to new records. The 30 share DAX index ended floor trade at a record close of 3035.15 points.

Paris CAC-40: 2516.56 (+13.50)

French shares set a new closing record, finishing up 0.54 per cent, boosted by a rise on Wall Street and US growth data which lowered inflation concerns in the US.

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Milan MIBTEL: 12421 (+175)

Italian shares bounced off their early lows to close just off the session high, boosted by Wall Street's response to the US GDP figures. Volume was initially thin but increased in later trading to one trillion lire.