Around the World's Markets: Frankfurt

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SHARES IN GERMANY fell by almost 4 per cent yesterday, reflecting growing concern over possible rises in US interest rates which more than offset news of a 50,000 fall in German unemployment.

A rebound in the euro against the dollar and industrial protests by metal workers also undermined shares in export-based companies. MAN fell 6.52 per cent to 243 euros and Daimler Chrysler shed 4.01 per cent to 82.80 euros.

The DAX index of electronically traded stocks fell 201.77 to 4,850.67.