Around the World's Markets: Frankfurt

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The Independent Online
GERMANY'S BLUE-CHIP Xetra DAX fell 0.65 per cent to 5,163.45, as investors took profits on Deutsche and Dresdner banks, after their recent rebound from the Brazil crisis. The floor-traded DAX was flat at 5,156.67 points.

The Xetra DAX set this year's high of 5,442.90 points on 6 January before the Brazilian financial crisis hit. Thursday's profit taking sent Dresdner Bank and Deutsche Bank down 1.4 and 4.24 per cent respectively, while Deutsche Telekom and Mannesmann fell after Wednesday's sharp gains.

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