Around the World's Markets: Frankfurt

BLUE CHIPS surrendered ground in later trade on a weak opening on Wall Street, with the Xetra DAX index ending down 0.74 per cent at 5,187.89 points. The floor-traded DAX finished off 0.45 per cent at 5,195.42 points.

Deutsche Bank shares rose 2 per cent after forecasting a marked earnings increase at its investment banking division as the EU cleared its merger with Banker's Trust. Deutsche Telekom ended 0.2 per cent higher following days of hefty losses.