MARKET REPORT - EUROPE

Frankfurt DAX: 2,555.16 (-2.10)

Frankfurt DAX: 2,555.16 (-2.10)

German shares were almost static in afternoon trading but sentiment was definitely warmer after the repo cut. Chemical shares were the main winners

Paris CAC-40: 2,020.8 (+3.06)

French shares ended slightly higher after spending most of the day in the red on profit taking after a big rise on Thursday on unexpected interest rate cuts.

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The August account, which closed yesterday, showed a respectable 66.72 point again over the July account, the worst since September, 1995.

Milan Mibtel: 9,720 (+6)

Shares ended above the lows after a choppy session, with investors taking heart from a surprise cut in prime rate announced in mid afternoon by a major bank.