Around the World's Markets: Frankfurt

GERMAN shares rose in light trade as gains by telecoms stocks helped spur a market unruffled by Russian President Boris Yeltsin's sacking of Prime Minister Sergei Stepashin. The DAX-30 closed up 1.53 per cent at 5,087.30 points, off highs near 5,100, as Wall Street made a slow start.

Traders said Frankfurt's rebound from a month-long down trend would probably not extend far as investors stayed nervous about possible interest-rate rises in the US and Europe.