Around the World's Markets: Frankfurt

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The Independent Online
SHARE prices closed sharply higher, boosted by Wall Street's positive start. The Xetra DAX closed at 5,095.62, up 149.88 points from yesterday's close of 4,945.74. "I think Wall Street is up on the feeling that there is some catching up to do, and possibly in reaction to the slight improvements recently in South-east Asian markets," said one trader.

A Bundesbank central council member, Olaf Sievert, said that the bank had no fear of lower interest rates if the position required them.