Around the World's Markets: Paris

THE CAC-40 index ended 17.06 higher at 3,820.47 although turnover was quiet with traders reluctant to buy in francs and settle in euros in January.

France Telecom rose 0.35 per cent to 428.90 francs in heavy trading after the telecom's regulator set a 14.4 per cent cut in prices for rivals to use the FT network. Drinks group Remy-Cointreau fell back almost 10 per cent, reversing a 15 per cent rise on Monday inspired by profit upgrades.