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Around the World's Markets: Frankfurt

GERMAN SHARES recovered from a brief dip in the face of strong US jobs data to speed ahead amid a new round of European mergers. The DAX 30 closed 0.64 per cent higher at 5,010.47 points.

US rate fears were more than offset by a boost from the merger round, led by Deutsche Telekom's takeover of UK mobile phone company One2One. But some traders questioned whether Telekom paid too much for the acquisition. Deutsche shares rose over 2 per cent on the news before ending 0.40 per cent lower.