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Around the World's Markets: Frankfurt

GERMAN shares ended modestly higher, boosted by early gains on Wall Street. However, overall sentiment remained gloomy amid concern over economic prospects. This was underlined when the Chambers of Commerce downgraded its 1999 growth forecast from 2 to 1.5 per cent. The electronic Xetra DAX ended up 18.77 points at 4,797.84.

Shares Preussag group climbed 2.35 per cent amid rumours of a possible bid for the UK company, First Choice Holidays.