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Around the World's Markets: Frankfurt

GERMAN stocks rose, led by Siemens, the country's largest electronics and engineering company, which was propelled higher by Microsoft's earnings.

The DAX index rose 158.7 points, or 3.15 per cent, to 5,197.14. Siemens jumped almost 12 per cent after the US giant's figures fuelled expectations of a positive results season for European electronics companies.

BASF, the drug and chemicals group, rose after announcing it would cut a further 1,000 jobs at its plant in Ludwigshafen.