Around the World's Markets: Frankfurt

TRADING was quiet with hopes of a further cut in US interest rates next week balanced by the prospect of disappointing company results. The Dax index closed 0.24 lower at 4639.65.

Metro, the store group, gained 6.70 marks to 116.40 marks after announcing a reorganisation.

Thyssen rose 10.05 marks to 295.55 marks following a modest 0.5 per cent rise in profits and Hoechst jumped 6 per cent to 76 marks in anticipation of good figures.