Around the World's Markets: Frankfurt

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EUROPEAN SHARES struggled to trim early losses in Monday afternoon trade, stung after Federal Reserve Chairman Alan Greenspan called on fellow central bankers to consider stock prices when setting monetary policy.

The DAX closed 0.51 per cent lower at 5,392.53 points, benefiting from a 2 per cent gain in the German retailer Metro on news of the pounds 32bn friendly merger between the retail chains Carrefour and Promodes in France.