Around the World's Markets: Paris

THE BLUE-CHIP CAC-40 ended 0.92 per cent higher at 4,153.65, amid hesitant trade ahead of today's Federal Reserve meeting.

"The lack of a short-term trend is likely to last, with the euro at its lowest level against the dollar and the Kosovo conflict provoking splits among euro zone countries," said one strategist. Renault closed up 2.94 per cent, trailing early gains of more than 7 per cent, but recouping some recent losses, as investors were encouraged by promises of big cost savings.