MARKET REPORT - EUROPE

Frankfurt Dax: 2739.83 (+26.61)

Frankfurt Dax: 2739.83 (+26.61)

The German DAX index of 30 leading shares closed at a record high yesterday, driven by gains in bond prices and by the Dow Jones index which ended overnight above 6,200 points for first time.

Paris CAC-40:2205.20 (-6.61)

French shares closed in negative ground after racking up major gains this week. Domestic funds locked up some of their profits ahead of a long weekend and in anticipation of a Wall Street hangover to the week-long party, traders said.

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Milan Mibtel: 9977 (-85)

Italian shares closed lower after a week of sustained rises in a technical downturn as investors took profits.